California Code of Regulations
Title 25 - Housing and Community Development
Division 2 - California Housing Finance Agency
Chapter 2 - Rental Housing Development Programs
Article 2 - Construction and Mortgage Loans
Section 11105 - Interest Rate Limitations
Universal Citation: 25 CA Code of Regs 11105
Current through Register 2024 Notice Reg. No. 38, September 20, 2024
The yield to the agency with respect to any construction or mortgage loan on a rental housing development, which loan is made by the agency or by a qualified mortgage lender (taking into consideration any fees and charges imposed by the agency) shall be such that any bonds or notes issued by the agency shall be not "arbitrage bonds" within the meaning of Section103(d)(2) of Title 26 of the United States Code.
1. Amendment of section and new NOTE filed 11-12-96; operative 12-12-96 (Register 96, No. 46).
Note: Authority cited: Section 51050, Health and Safety Code. Reference: Section 103, Title 26, United States Code.
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