Statute · California Government Code
Cal. Gov't Code § 5905 — Public Financing
Cal. Gov't Code § 5905
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 1986-09-30
- Current through
- Nov 2, 2026 (California Legislative Counsel)
One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations, not chartered by a state or federal agency as a depository institution, but organized for the purpose of undertaking financing programs…
Citator
Cal. Gov't Code § 5905 — Public Financing is in force in the current edition of the Code, and nothing recorded condemns it.
One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations, not chartered by a state or federal agency as a depository institution, but organized for the purpose of undertaking financing programs approved by each legislative body and found by each legislative body to be of benefit to the state or local government.