Cal. Code Regs. Tit. 9, § 3200.028 - Capitalized Operating Subsidy Reserve

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"Capitalized Operating Subsidy Reserve" means funds set aside at, or before, permanent loan closing for the purpose of supplementing income for the payment of operating expenses.

Notes

Cal. Code Regs. Tit. 9, § 3200.028

Note: Authority cited: Section 5898, Welfare and Institutions Code. Reference: Sections 5813.5(a), 5813.5(c), 5813.5(d) and 5878.1(a), Welfare and Institutions Code.

1. New section filed 12-6-2010; operative 1-5-2011 (Register 2010, No. 50).

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