Section 51452 Of Chapter 9. School Facility Fee Affordable Housing Assistance Programs From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 9.
51452
. (a) The School Facilities Fee Assistance Fund is hereby
established in the State Treasury and, notwithstanding Section 13340
of the Government Code, all money in the fund is continuously
appropriated to the Department of General Services for the purposes
of this chapter. All repayments of disbursed funds pursuant to this
chapter or any interest earned from the investment in the Surplus
Money Investment Fund or any other moneys accruing to the fund from
whatever source shall be returned to the fund and are available for
allocation by the California Housing Finance Agency to programs
established pursuant to this chapter.
(b) The following amounts are hereby appropriated from the General
Fund to the School Facilities Fee Assistance Fund for administrative
costs and to make payments to purchasers of newly constructed
residential structures and housing sponsors of housing developments
pursuant to this chapter from that fund by fiscal year as follows:
(1) Twenty million dollars ($20,000,000) in the 1998-99 fiscal
year.
(2) Forty million dollars ($40,000,000) in the 1999-2000 fiscal
year.
(3) Forty million dollars ($40,000,000) in the 2000-01 fiscal
year.
(4) Forty million dollars ($40,000,000) in the 2001-02 fiscal
year.
(c) The funds shall be distributed to each program in proportion
to the original total amounts available for each program as follows:
(1) Twenty-eight million dollars ($28,000,000) shall be available
for the program set forth in paragraph (1) of subdivision (a) of
Section 51451, except that any funds not expended within 18 months of
their appropriation and availability may also be available for
programs set forth in paragraphs (2) and (3) of subdivision (a) of
Section 51451.
(2) Twenty-eight million dollars ($28,000,000) shall be available
for the program set forth in paragraph (2) of subdivision (a) of
Section 51451, except that any funds not expended within 18 months of
their appropriation and availability may also be available for the
program set forth in paragraph (3) of subdivision (a) of Section
51451.
(3) Fifty-two million dollars ($52,000,000) shall be available for
the program set forth in paragraph (3) of subdivision (a) of Section
51451.
(4) Fifty-two million dollars ($52,000,000) shall be available for
the program set forth in subdivision (b) of Section 51451.
(d) Reservations received on or after January 1, 2002, for
participation in the programs authorized by Section 51451 shall not
be honored by the California Housing Finance Agency. As of that date,
any unobligated amounts remaining in the School Facilities Fee
Assistance Fund after the transfer made pursuant to Item
1760-115-0101 of Section 2.00 of the Budget Act of 2001 (Chapter 106
of the Statutes of 2001) shall be transferred to the General Fund.
(e) Effective July 1, 2014, the School Facilities Fee Assistance
Fund in the State Treasury is abolished and any remaining balance,
assets, liabilities, and encumbrances in the fund as of July 1, 2014,
are transferred to the Housing Rehabilitation Loan Fund.
Notwithstanding Section 13340 of the Government Code, all transferred
amounts are continuously appropriated to the department for the
purpose of satisfying any liabilities and encumbrances and the
purposes specified in this section.