Jurris.COM

Section 50056 Of Chapter 2. Definitions From California Health And Safety Code >> Division 31. >> Part 1. >> Chapter 2.

50056
. "Below-market interest" means a below-market interest rate adequate to return to the agency sufficient income to meet its obligations, reserve requirements, and expenses connected with a loan financed by the agency for which such interest rate is established as determined by the agency at the time of commitment of funds, for the permanent financing.