California § 50744 - Where a local finance entity or local public entity is authorized to receive paym
Full text of California Public Contract Code - PCC § 50744 — Where a local finance entity or local public entity is authorized to receive paym, with citation guidance and answers to common questions.
§ 50744. Where a local finance entity or local public entity is authorized to receive paym
Where a local finance entity or local public entity is authorized to receive payments from the annuity fund established pursuant to Section 50748, under a written agreement with the department, the local finance entity or local public entity may with the approval of the department designate in writing either the project sponsor or the sponsorâs approved management agent for the rental housing development as a substitute payee for these payments. Upon the approval of the department and the local finance entity or local public entity, the department shall make the authorized payments directly to the designated payee until the entity and the department agree to revoke or rescind the designation.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 50744
What does Public Contract Code - PCC § 50744 cover?
Section 50744 ("Where a local finance entity or local public entity is authorized to receive paym") 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 § 50744?
A common citation format is "Public Contract Code - PCC § 50744" (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 § 50744 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.