Section 7838 - Applications for Feasibility Account Funds(a) Applications for payments from the feasibility account shall be made on the Department's application form and shall provide all required information.(b) Assistance from the feasibility account shall be available to defray development costs or short-term operational costs of non-assisted units if the Department determines that: (1) additional payments are necessary to ensure the economic feasibility of the development,(2) without additional payments the development could not or would not be undertaken, and(3) sufficient funds are available to make such payments and not more than 10% of the Fund would be used for such payments.(c) Applications for assistance from the feasibility account, in addition to other information required by the Department, shall include: (1) the anticipated amount of assistance required and the basis for the calculation of that amount, and(2) substantiation of the information required by subdivision (b).Cal. Code Regs. Tit. 25, § 7838
1. Amendment of subsection (b) filed 11-13-80 as an emergency; effective upon filing (Register 80, No. 36). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3-13-81.
2. Certificate of Compliance transmitted to OAL 3-13-81 and filed 4-14-81 (Register 81, No. 16). Note: Authority cited: Section 50737, Health and Safety Code. Reference: Section 50738, Health and Safety Code.
1. Amendment of subsection (b) filed 11-13-80 as an emergency; effective upon filing (Register 80, No. 36). A Certificate of Compliance must be transmitted to OAL within 120 days or emergency language will be repealed on 3-13-81.
2. Certificate of Compliance transmitted to OAL 3-13-81 and filed 4-14-81 (Register 81, No. 16).