§ 8313.1. Funding Source Surpluses.
25 CA ADC § 8313.1Barclays Official California Code of Regulations
25 CCR § 8313.1
§ 8313.1. Funding Source Surpluses.
(1) If there are local public agency lenders providing construction-period financing, and the Department is providing only permanent financing, the local lenders may reduce their loans by an amount not exceeding the contingency shown in the loan documents approved by the Department at construction loan closing.
Credits
Note: Authority cited: Sections 50406(n), 50517.5(a)(1), 50517.5(a)(3), 50675.1(d), 50896.1(a) and 50896.3(b), Health and Safety Code. Reference: Sections 50517.5(a)(1), 51517.5(c)(2), 50517.5(e)(2), 50675.5(b)(5) and 50896.1(a), Health and Safety Code.
History
1. New section filed 11-8-2017; operative 11-15-2017 pursuant to Government Code section 11343.4(b)(3) (Register 2017, No. 45).
This database is current through 8/30/24 Register 2024, No. 35.
Cal. Admin. Code tit. 25, § 8313.1, 25 CA ADC § 8313.1
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