California § 34191.50 - A beneficiary district shall use any funds provided to it for the express purpose
Full text of California Public Contract Code - PCC § 34191.50 — A beneficiary district shall use any funds provided to it for the express purpose, with citation guidance and answers to common questions.
§ 34191.50. A beneficiary district shall use any funds provided to it for the express purpose
(a) A beneficiary district shall use any funds provided to it for the express purpose of promoting the development of affordable housing within its boundaries. (b) A beneficiary district may promote the development of affordable housing by doing any of the following: (1) Issuing bonds to be repaid from the distributions of property tax revenues directed to the beneficiary district. (2) Providing financial assistance for the development of affordable housing, including, but not limited to, providing loans, grants, and other financial incentives and support. (3) Taking other actions the board determines will promote the financing of the development of affordable housing within its boundaries. (c) A beneficiary district shall not undertake any obligation that requires an action after the date it will cease to exist, including, but not limited to, issuing a bond that requires any repayment of the bond obligation after the date the beneficiary district will cease to exist.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 34191.50
What does Public Contract Code - PCC § 34191.50 cover?
Section 34191.50 ("A beneficiary district shall use any funds provided to it for the express purpose") is part of the Public Contract Code - PCC, the codified statutory law of California. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite California § 34191.50?
A common citation format is "Public Contract Code - PCC § 34191.50" (California). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of California law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the California official source linked on this page or consult a licensed California attorney.
How does California § 34191.50 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in California can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in California.