California § 50009 - The Legislature finds and declares that the utilization of tax-exempt mortgage re
Full text of California Public Contract Code - PCC § 50009 — The Legislature finds and declares that the utilization of tax-exempt mortgage re, with citation guidance and answers to common questions.
§ 50009. The Legislature finds and declares that the utilization of tax-exempt mortgage re
The Legislature finds and declares that the utilization of tax-exempt mortgage revenue bonds can, and should, encourage the production of housing units affordable to low- and moderate-income persons and families. The Legislature further finds and declares that as a result of recent bond interest rates at historically high levels, tax-exempt mortgage revenue bond programs may not be able to provide housing affordable to low- and moderate-income persons and families, without an additional subsidy. The Legislature further finds and declares that the effectiveness of tax-exempt mortgage revenue bonds in reducing the housing costs of low- and moderate-income persons and families should be carefully monitored by the Legislature to permit an assessment of the costs and benefits of this financing mechanism.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50009
What does Public Contract Code - PCC § 50009 cover?
Section 50009 ("The Legislature finds and declares that the utilization of tax-exempt mortgage re") 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 § 50009?
A common citation format is "Public Contract Code - PCC § 50009" (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 § 50009 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.