Cal. Health and Safety Code § 50175
Cal. Health and Safety Code § 50175
California · California Health and Safety Code · Status: effective · Effective 1985-10-01
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- Citation
- Cal. Health and Safety Code § 50175, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/869121
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Full text
This chapter is enacted in implementation of the Mortgage Subsidy Bond Tax Act of 1980 (Title XI, Public Law 96-499) and Section 612 of the Tax Reform Act of 1984 (Public Law 98-369). Accordingly, the definitions contained in this article and the provisions of this chapter shall be construed to be consistent with the purposes and provisions of those federal acts and in its implementation. This chapter does not apply to any issuance of bonds which is excepted from, or otherwise not affected by, the federal acts.
To the extent that any provision of this chapter is held to be inconsistent with or repugnant to the federal acts, the provision shall be given effect in accordance with its terms to the greatest extent possible and consistent with the federal acts, and the inconsistency shall have no effect on the remaining provisions of this chapter.