Part 8ALLOCATION OF HOUSING BOND REVENUES

Section § 53130

Explanation

This section outlines how funds from the sale of bonds will be distributed within the Roberti Affordable Housing Fund. The money will be allocated to various housing programs, including rental housing construction, housing rehabilitation, emergency housing assistance, family housing demonstration, migrant farm labor centers, and home purchase assistance. The funds are specifically designated for particular purposes and amounts, such as $200 million for rental housing construction and $25 million for housing rehabilitation, among others.

Additionally, it specifies that these allocated funds cannot be used for project operating costs, although reserves for operating costs maintained by project sponsors are allowed.

(a)CA Health and Safety Code § 53130(a) Moneys deposited in the Roberti Affordable Housing Fund from the sale of bonds pursuant to Part 9 (commencing with Section 53150) shall be allocated for expenditure in accordance with the following schedule:
(1)CA Health and Safety Code § 53130(a)(1) Two hundred million dollars ($200,000,000) shall be transferred to the Rental Housing Construction Fund to be expended for the programs authorized by Chapter 9 (commencing with Section 50735) of Part 2, except Sections 50738.5 and 50745.1.
(2)CA Health and Safety Code § 53130(a)(2) Twenty-five million dollars ($25,000,000) shall be transferred to the Housing Rehabilitation Loan Fund to be expended for the purpose of making deferred-payment loans to acquire and rehabilitate residential hotels, as authorized by Section 50670.
(3)CA Health and Safety Code § 53130(a)(3) Twenty-five million dollars ($25,000,000) shall be transferred to the Emergency Housing and Assistance Fund to be expended for the programs authorized by Chapter 11.5 (commencing with Section 50800) of Part 2.
(4)CA Health and Safety Code § 53130(a)(4) Fifteen million dollars ($15,000,000) shall be transferred to the Family Housing Demonstration Account to be expended for the programs authorized by Chapter 15 (commencing with Section 50880) of Part 2 of Division 31 of the Health and Safety Code.
(5)CA Health and Safety Code § 53130(a)(5) Ten million dollars ($10,000,000) shall be transferred to the department for expenditure for the development of migrant farm labor centers authorized by Chapter 8.5 (commencing with Section 50710) of Part 2 of Division 31 of the Health and Safety Code.
(6)CA Health and Safety Code § 53130(a)(6) Twenty-five million dollars ($25,000,000) shall be transferred to the Home Purchase Assistance Fund to be expended for programs authorized by Chapter 6.8 (commencing with Section 51341) of Part 2 of Division 31 of the Health and Safety Code.
(b)CA Health and Safety Code § 53130(b) Moneys deposited in the Roberti Affordable Housing Fund from the sale of bonds pursuant to Part 10 (commencing with Section 53190) shall be allocated for expenditure in accordance with the following schedule:
(1)CA Health and Safety Code § 53130(b)(1) One hundred million dollars ($100,000,000) shall be transferred to the Rental Housing Construction Fund to be expended for the programs authorized by Chapter 9 (commencing with Section 50735) of Part 2, except Sections 50738.5 and 50745.1.
(2)CA Health and Safety Code § 53130(b)(2) Fifteen million dollars ($15,000,000) shall be transferred to the Housing Rehabilitation Loan Fund to be expended for the purpose of making deferred-payment loans to acquire and rehabilitate residential hotels, as authorized by Section 50670.
(3)CA Health and Safety Code § 53130(b)(3) Ten million dollars ($10,000,000) shall be transferred to the Emergency Housing and Assistance Fund to be expended for the programs authorized by Chapter 11.5 (commencing with Section 50800) of Part 2.
(4)CA Health and Safety Code § 53130(b)(4) Twenty-five million dollars ($25,000,000) shall be transferred to the Home Purchase Assistance Fund to be expended for programs authorized by Chapter 6.8 (commencing with Section 51341) of Part 2.
(c)CA Health and Safety Code § 53130(c) No portion of any of the moneys allocated pursuant to this section may be expended for project operating costs, except that this section does not preclude expenditures for operating costs from reserves required to be maintained by or on behalf of the project sponsor.
Roberti Affordable Housing Fund bond sales rental housing construction housing rehabilitation loans emergency housing assistance family housing demonstration migrant farm labor centers home purchase assistance fund allocation housing program funding housing bond allocation project operating costs deferred-payment loans residential hotels migrant housing development
(Amended by Stats. 2002, Ch. 26, Sec. 7. Effective April 22, 2002. Operative after November 5, 2002 (Prop. 46 was adopted) by Sec. 9 of Ch. 26.)

Section § 53131

Explanation

This law says that any money refunded or returned to a specific fund related to a program funded under Section 53130 should stay in that fund. The money must be used only for the purposes allowed by the rules governing that fund, as updated by the law that created this chapter.

Notwithstanding other provisions of law, any money which may be repaid or rebated to any fund specified in Section 53130 in connection with a program funded pursuant to Section 53130 shall be retained in that fund and shall be utilized for the purposes permitted by that fund as amended by the act which enacts this chapter.
fund retention rebated money program funding fund utilization specified fund Section 53130 program amended purposes fund allocation money repayment program-related funds
(Added by Stats. 1988, Ch. 30, Sec. 7. Effective March 14, 1988.)

Section § 53133

Explanation

This law states that funds collected under Section 53130 are specifically earmarked for housing programs. These funds can only be used for programs that are legally authorized and that benefit certain households, as detailed in Sections 50079.5 and 50105. The spending must also adhere to the specific housing program requirements.

Notwithstanding other provisions of law, moneys deposited in any fund pursuant to Section 53130 shall only be expended for housing programs or those portions of housing programs authorized by law which serve households specified in Sections 50079.5 and 50105, respectively, in accordance with program requirements.
housing programs allocated funds household specifications Section 50079.5 Section 50105 program requirements authorized by law housing program funding specific households housing assistance program compliance fund expenditure designated households financial allocation housing law compliance
(Added by Stats. 1988, Ch. 30, Sec. 7. Effective March 14, 1988.)

Section § 53134

Explanation

This law mandates that the department must include information about how the bond proceeds are being used in its annual report. This is required on top of any other reporting obligations.

In addition to any other reports required by law, the department shall include within the annual report required by Section 50408 information on the utilization of bond proceeds authorized by this part.
annual report bond proceeds utilization reporting obligations Section 50408 financial reporting department responsibilities bond utilization transparency government bonds public funds management accountability financial disclosure resource allocation bond authorization
(Added by Stats. 1988, Ch. 30, Sec. 7. Effective March 14, 1988.)

Section § 53135

Explanation
This law requires that an agency must include details about how bond proceeds are used in its annual report, along with any other reports they are legally obliged to produce.
In addition to any other reports required by law, the agency shall include within the annual report required by Section 51005 information on the utilization of bond proceeds authorized by this part.
annual report agency reporting bond proceeds utilization financial accountability Section 51005 compliance reporting requirements public agency reporting financial reporting bond usage transparency in spending agency obligations public funds expenditure reporting
(Added by Stats. 1988, Ch. 30, Sec. 7. Effective March 14, 1988.)

Section § 53136

Explanation

This section allows a government agency or department to enter into contracts and other agreements to manage certain programs. These activities may include creating rules and regulations, evaluating and funding projects, managing contracts, handling money, starting and servicing loans, overseeing projects, and issuing bonds with the necessary financial services experts.

The agency or the department may execute, in accordance with Article 4 (commencing with Section 19130) of Chapter 5 of Part 2 of Division 5 of Title 2 of the Government Code, contracts and related instruments in connection with administration of any program specified in Section 53130 for activities which may include, but are not limited to, the following:
(a)CA Health and Safety Code § 53136(a)  Preparation of regulations and guidelines necessary to administer the programs.
(b)CA Health and Safety Code § 53136(b)  Evaluation, ranking, and award of funds for projects and housing developments.
(c)CA Health and Safety Code § 53136(c)  Preparation of contracts and contract administration.
(d)CA Health and Safety Code § 53136(d)  Disbursement of funds and accounting of moneys.
(e)CA Health and Safety Code § 53136(e)  Loan origination and servicing.
(f)CA Health and Safety Code § 53136(f)  Monitoring of projects and housing developments.
(g)CA Health and Safety Code § 53136(g)  Issuance or marketing of bonds, including procurement of financial consultants, underwriters, actuaries, bond counsel, and computer and printing services.
government contracts program management regulation preparation fund evaluation project funding contract administration fund disbursement loan origination loan servicing project monitoring bond issuance financial consultants underwriters bond counsel accounting of funds
(Added by Stats. 1988, Ch. 30, Sec. 7. Effective March 14, 1988.)