Section 51680 Of Chapter 6. Loan Loss Guarantee Program From California Health And Safety Code >> Division 31. >> Part 4. >> Chapter 6.
51680
. The agency may administer a loan loss guarantee program in
order to induce private lenders to make construction loans for
seismic rehabilitation improvements which are designed to increase
seismic structural safety in accordance with a plan developed by a
civil engineer, structural engineer, or an architect for a property
which has been identified by a local jurisdiction as being
potentially hazardous, as defined in Chapter 12.2 (commencing with
Section 8875) of Division 1 of Title 2 of the Government Code, or as
being hazardous in the event of an earthquake, as defined in Article
4 (commencing with Section 19160) of Chapter 2 of Part 3 of Division
13.