“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.

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.

History

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