Section 55004 Of Part 1. General Provisions From California Health And Safety Code >> Division 32. >> Part 1.
55004
. The local agency shall adopt rules and regulations for the
administration of the financing program, which shall include, but not
be limited to, borrower eligibility criteria designed to assure the
fiscal integrity of the financing program while permitting maximum
application to existing buildings which have sufficient economic life
to warrant the amount of financing required. The regulations shall
specify procedures to be followed in the event of default.