1. (a) General. An owner-occupant eligible for a replacement housing payment under Section 1874.01(a) who elects to rent a replacement dwelling is eligible for a rental differential payment not to exceed $4,000.00.

2. (b) Computation and Disbursement of Payment. The payment shall be computed and disbursed in accordance with the provisions of Section 1874.05(b), (c), and (d) except that:

   1. (1) the present rental rate shall be economic rent as determined by market data; and
   2. (2) the payment may not exceed the maximum amount which he would have received had he elected to receive a purchase differential payment under Section 1874.01(b).

History

1. Amendment filed 3-11-76 as an emergency; effective upon filing (Register 76, No. 11).

2. Certificate of Compliance filed 6-11-76 (Register 76, No. 24).

3. Amendment of subsection (b) filed 1-18-77 as an emergency; effective upon filing (Register 77, No. 4).

4. Certificate of Compliance filed 5-17-77 (Register 77, No. 21).