Section 50175 Of Article 1. Definitions And General Provisions From California Health And Safety Code >> Division 31. >> Part 1. >> Chapter 3.5. >> Article 1.
50175
. This chapter is enacted in implementation of the Mortgage
Subsidy Bond Tax Act of 1980 (Title XI, Public Law 96-499) and
Section 612 of the Tax Reform Act of 1984 (Public Law 98-369).
Accordingly, the definitions contained in this article and the
provisions of this chapter shall be construed to be consistent with
the purposes and provisions of those federal acts and in its
implementation. This chapter does not apply to any issuance of bonds
which is excepted from, or otherwise not affected by, the federal
acts.
To the extent that any provision of this chapter is held to be
inconsistent with or repugnant to the federal acts, the provision
shall be given effect in accordance with its terms to the greatest
extent possible and consistent with the federal acts, and the
inconsistency shall have no effect on the remaining provisions of
this chapter.