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Cal. Health & Safety Code § 50786.5

Mobilehome Park Purchase Fund

Known as the Zenovich-Moscone-Chacon Housing and Home Finance Act

The act spans §§ 50000–54913 (995 sections).

Amended by Stats. 1999, Ch. 473, Sec. 7

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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.