California Health and Safety Code 51321.3 – For the purposes of this chapter, the agency shall have the power to …
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For the purposes of this chapter, the agency shall have the power to issue its bonds to defray, in whole or in part, the costs of studies and surveys, insurance premiums, underwriting fees, legal, accounting, and marketing services incurred in connection with the issuance and sale of bonds, including bond and mortgage reserve accounts, trustee, custodian, and rating agency fees, and other costs reasonably related to the foregoing.
(Added by Stats. 1993, Ch. 1105, Sec. 8. Effective January 1, 1994.)
Terms Used In California Health and Safety Code 51321.3
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
- Trustee: A person or institution holding and administering property in trust.