Cal. Rev. & Tax. Code § 3795.5

Current through the 2024 Legislative Session.

Section 3795.5 - Conditions of sale in case of agreement involving nonprofit organization

In the case of an agreement involving a nonprofit organization, the board of supervisors may establish conditions of sale, including reporting, to assure the completion of rehabilitation within a reasonable time and maximum benefit to low-income persons. These conditions shall include, but are not limited to, the following:

(a) Requiring compliance with a jurisdiction's consolidated plan or a community development plan.

(b) Articles of incorporation filed with the Secretary of State, stating that the organization is incorporated for the purposes specified in subdivision (b) of Section 3772.5.

Ca. Rev. and Tax. Code § 3795.5

Amended by Stats 2002 ch 269 (SB 2085),s 2, eff. 1/1/2003.

Amended by Stats 2000 ch 606 (AB 2229), s 10, eff. 1/1/2001.