A loan or expenditure of funds by a local public entity, including a charter city, to upgrade or improve privately owned property for purposes of seismic safety or retrofitting, where the provision of funds creates or can create a lien on the property, shall not, when combined with existing liens on the property, exceed 80 percent of the current appraised value of the property, as determined by an independent, certified appraiser, unless the existing lienholders consent in writing to a higher loan-to-value ratio. Notice of the intention to provide financing to the owner of the property shall be given to existing lienholders of record not less than 30 days prior to any vote of the local agency authorizing the provision of financing to the owner of the property.
53060
53060.1
53060.3
53060.5
53060.7
53061
53062
53063
53064
53064.5
53065
53065.5
53066
53066.01
53066.2
53066.3
53066.4
53066.5
53067
53068
53069
53069.3
53069.4
53069.5
53069.6
53069.7
53069.8
53069.9
53069.75
53069.81
53069.85
53070
53071
53071.5
53072
53073
53074
53074.5
53075
53075.5
53075.6
53075.7
53075.8
53075.9
53075.61
53076
53077
53077.5
53078
53079
53080
53080.5
53082
53082.5
53083
53084
53084.5
53085
53086
53087.4
53087.5
53087.6
53087.7
53060.1
53060.3
53060.5
53060.7
53061
53062
53063
53064
53064.5
53065
53065.5
53066
53066.01
53066.2
53066.3
53066.4
53066.5
53067
53068
53069
53069.3
53069.4
53069.5
53069.6
53069.7
53069.8
53069.9
53069.75
53069.81
53069.85
53070
53071
53071.5
53072
53073
53074
53074.5
53075
53075.5
53075.6
53075.7
53075.8
53075.9
53075.61
53076
53077
53077.5
53078
53079
53080
53080.5
53082
53082.5
53083
53084
53084.5
53085
53086
53087.4
53087.5
53087.6
53087.7