Cal. Revenue and Taxation Code § 3795.5
Cal. Revenue and Taxation Code § 3795.5
California · California Revenue and Taxation Code · Status: effective · Effective 2003-01-01
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- Citation
- Cal. Revenue and Taxation Code § 3795.5, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/917813
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Full text
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.