California SB677 modifies housing financing, joint powers agreements, and bond approvals for residential rental projects.

California SB677 amends the Government Code to allow the State Treasurer to join joint powers authorities for issuing bonds for eligible residential rental projects. It designates the state as an applicable elected representative for Internal Revenue Code purposes. The bill modifies the conditions under which appeals can be filed regarding tentative maps for housing developments. It also specifies that the state's membership in a joint powers authority does not expand or limit the authority of the joint powers authority.

California SB677 modifies housing financing, joint powers agreements, and bond approvals for residential rental projects.

California SB677 amends the Government Code to allow the State Treasurer to join joint powers authorities for issuing bonds for eligible residential rental projects. It designates the state as an applicable elected representative for Internal Revenue Code purposes. The bill modifies the conditions under which appeals can be filed regarding tentative maps for housing developments. It also specifies that the state's membership in a joint powers authority does not expand or limit the authority of the joint powers authority.