California § 51202 - Every housing sponsor of a rental or cooperative housing development which receiv
Full text of California Public Contract Code - PCC § 51202 — Every housing sponsor of a rental or cooperative housing development which receiv, with citation guidance and answers to common questions.
§ 51202. Every housing sponsor of a rental or cooperative housing development which receiv
Every housing sponsor of a rental or cooperative housing development which receives a construction loan or mortgage loan or a grant pursuant to this part shall enter into an agreement with the agency providing for the regulation of the disposition of property. No housing sponsor of a rental housing development receiving a mortgage loan pursuant to this part shall receive an earnings distribution of more than 6 percent of the equity invested in the housing development, unless a higher limitation on earnings distribution is otherwise provided by rules and regulations of the agency. The agency may permit a distribution greater than 6 percent to investors contributing additional equity money to an existing housing development, or in the case of a housing development over which the agency has assumed managerial and financial control pursuant to Section 51203, or in any case where it would materially contribute to meeting the policies or goals of this division.
Source: official California text · Last verified 2026-08-27
Frequently Asked Questions About California § 51202
What does Public Contract Code - PCC § 51202 cover?
Section 51202 ("Every housing sponsor of a rental or cooperative housing development which receiv") 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 § 51202?
A common citation format is "Public Contract Code - PCC § 51202" (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 § 51202 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.