The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate of fifteen million dollars ($15,000,000), in the manner provided in this chapter. The debt or debts, liability or liabilities, shall be created for the purpose of providing the funds to be used for the purposes specified in Section 52505 and shall be deposited in the First-Time Home Buyers Fund created pursuant to Section 52504.
Cal. Health & Safety Code § 52528
First-Time Home Buyers Bond Act of 1982
Known as the First-Time Home Buyers Bond Act
The act spans §§ 52525–52533 (11 sections).
Amended by Stats. 1993, Ch. 116, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.