BlackletterCalifornia law

Government Code § 91528

ARTICLE 2. Industrial Development Authorities

Current as of September 28, 2026Gov. Code, § 91528Official source ↗

Added by Stats. 1980, Ch. 1358.

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.