ARTICLE 6. Construction and Leases of Facilities [44550. - 44557.]

Article 6 added by Stats. 1979, Ch. 839.

§§ 44550–44557 · 9 sections

• § 44550 The authority may contract with any participating party for the construction or acquisition of a project by the participating party. All contracts for the…
• § 44551 The authority may, as lessor or lessee, enter into leases and agreements with any participating party relating to the acquisition, construction, and…
• § 44552 The authority may enter into contracts of sale with any participating party covering any project financed by the authority. The purchase price pursuant to such…
• § 44552.5 (a) As an alternative to leasing or selling a project to a participating party, the authority may finance the acquisition, construction, or installation of a…
• § 44553 All moneys received pursuant to the provisions of this division, whether as proceeds from the sale of bonds, notes, or other evidences of indebtedness or as…
• § 44554 Any holder of bonds, notes, or other obligations issued under the provisions of this division, and the trustee or trustees under any trust agreement, except to…
• § 44555 The exercise of the powers granted by this division shall be in all respects for the benefit of the people of this state, for their health and welfare, and…
• § 44556 The authority shall not be required to pay any property taxes or assessments upon, or in respect to, a project or any property acquired by or for the authority…
• § 44557 Subject to Section 44562, the existence of the authority may be terminated at any time by the Legislature. Upon dissolution of the authority, the title to all…