The city adopts a home mortgage finance program (the "program") pursuant to Chapters 1 through 5 of Part 5 of Division 31 of the Health and Safety Code of the state of California (the "Act") and, in furtherance of such program, determines to issue revenue bonds or to participate with other entities under a joint powers agreement, or as otherwise permitted by applicable laws, to issue revenue bonds pursuant to the Act to provide funds for the program. (Ord. 1584 NCS §1, 1984; Ord. 1528 NCS §1 (part), 1982.)