ARTICLE 9. Public Leasebacks

Article 9 added by Stats. 1972, Ch. 304.

§§ 54240–54245 · 6 sections

• § 54240 As used in this article: (a) “Local agency” means any county, city, city and county, public district, public entity or authority or other public or municipal…
• § 54241 No public leaseback of any local agency shall be entered into until the act of entering into a formal agreement with the public leaseback corporation shall…
• § 54242 Any ordinance subject to referendum under Section 54241 shall be published after adoption as required by law for ordinances of the local agency generally, or,…
• § 54243 In the event an ordinance enacted pursuant to Section 54241 authorizing a local agency to enter into a public leaseback is subjected to a successful referendum…
• § 54244 Section 54241 shall not apply to any public leaseback which is executed prior to the effective date of Section 54241.
• § 54245 If any one or more local or public agencies shall, prior to the effective date of Section 54241, have taken formal action to implement any one or more projects…