Government Code - GOV
TITLE 10. CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT [91500 - 91562]
( Title 10 added by Stats. 1980, Ch. 1358. ) CHAPTER 1. California Industrial Development Financing [91500 - 91562]
( Chapter 1 added by Stats. 1980, Ch. 1358. ) ARTICLE 2. Industrial Development Authorities [91520 - 91549]
( Article 2 added by Stats. 1980, Ch. 1358. ) 91528.
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.
(Added by Stats. 1980, Ch. 1358.)