Cal. Health & Saf. Code § 50786.5

Current through the 2024 Legislative Session.
Section 50786.5 - Acquisition of mobilehome park by governmental entity

Notwithstanding any other provision of this chapter, where a city, county, or other local governmental entity has acquired a mobilehome park for the purpose of converting the park to resident ownership, and the department has entered into a binding agreement for the commitment of funds to the project, the department shall not require that more than a simple majority of households residing in the park actually purchase, or have opened escrow to purchase, interests or spaces in the park as a condition of disbursement of funds for loans made pursuant to Section 50784 to qualified individual households.

Ca. Health and Saf. Code § 50786.5

EFFECTIVE 1/1/2000. Amended September 23, 1999 (Bill Number: SB 574) (Chapter 473).