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2005 California Health and Safety Code Sections 34800-34809 Article 1. General Provisions
HEALTH AND SAFETY CODESECTION 34800-34809
34800. This chapter may be cited as the Limited Dividend Housing Corporations Law. 34801. Unless the context otherwise requires, the definitions contained in this article govern the construction of this chapter. 34802. "Commission" means the Commission of Housing and Community Development. 34803. "Corporation" means limited dividend housing corporation formed pursuant to this chapter. 34804. "Actual cost" means the cost of the land and buildings, charges for financing and supervision, and carrying charges during construction, including interest on borrowed money and invested capital, when such charges have been approved by the commission. 34805. "Fixed charges" includes all operating and maintenance charges, taxes, assessments, insurance and depreciation, amortization, interest, sinking fund, and other expenses and charges approved by the commission. 34806. "Security" includes any share, stock, bond, note, treasury stock, debenture, evidence of indebtedness, certificate of interest or participation, or beneficial interest in title to property, profits, or earnings, or any other instrument commonly known as a security. 34807. "Slum area" means any area of property partially or totally occupied by deteriorated, obsolete, unsafe, or unsanitary single or multiple dwellings. The determination of whether any building is in such condition rests solely with the commission. 34808. Any notice or other written instrument may be served upon the commission by delivering it to the chairman, vice chairman, or secretary of the commission, or, if none of them can be found, by leaving a copy at the office or usual place of business of the commission with the person in charge. 34809. If any city in which a project approved by the commission is located determines that any land included in the project should be maintained as a public park or grounds, the city may purchase or accept the land and maintain it as a public park or grounds. Any city may also determine that any of its real property is not required for use by it and sell or lease the property to a corporation. Any charter provision inconsistent with this section prevails.
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