Statute · California Government Code
Cal. Gov't Code § 91528 — Industrial Development Authorities
Cal. Gov't Code § 91528
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
An authority shall not have the power to operate any facility as a business, except in the event of a default on any bonds, through a trustee, for the minimum reasonable time needed to sell or otherwise dispose of the facility in accordance with the resolution or indenture.
Citator
Cal. Gov't Code § 91528 — Industrial Development Authorities is in force in the current edition of the Code, and nothing recorded condemns it.
An authority shall not have the power to operate any facility as a business, except in the event of a default on any bonds, through a trustee, for the minimum reasonable time needed to sell or otherwise dispose of the facility in accordance with the resolution or indenture.