Section 50697.1 Of Article 3. General Provisions From California Health And Safety Code >> Division 31. >> Part 2. >> Chapter 7.5. >> Article 3.
50697.1
. (a) The Self-Help Housing Fund is hereby created in the
State Treasury. Notwithstanding Section 13340 of the Government Code,
all moneys in the fund are continuously appropriated for contracts
entered into pursuant to subdivision (b) of Section 50696 and for
costs incurred by the California Self-Help Housing Program in
administering the program. The moneys in the fund are not subject to
transfer to any other fund pursuant to Part 2 (commencing with
Section 16300) of Division 4 of Title 2 of the Government Code,
except the Surplus Money Investment Fund. The department may require
the transfer of moneys in the fund to the Surplus Money Investment
Fund for investment pursuant to Article 4 (commencing with Section
16470) of Chapter 3 of Part 2 of Division 4 of Title 2 of the
Government Code. Notwithstanding Section 16305.7 of the Government
Code, all interest, dividends, and pecuniary gains from the
investments shall accrue to the fund.
(b) The Self-Help Housing Fund shall consist of all of the
following:
(1) Any moneys appropriated to the fund by the Legislature.
(2) Any moneys which the California Self-Help Housing Program
receives in repayment or return of the funds, including any interest
on those moneys.
(3) Any other moneys which may be made available to the California
Self-Help Housing Program for the purposes of subdivision (b) of
Section 50696 from any other source or sources.