Title GOV, California Gov. Code

The treasurer shall install and maintain a system of auditing and accounting that shall completely and at all times show the financial condition of the authority. (Added by Stats. 1963, Ch. 1227.)

An authority shall be managed under the provisions of this chapter and may exercise the powers therein expressly granted or necessarily implied therefrom. (Added by Stats. 1963, Ch. 1227.)

Each authority has the power generally to perform all acts necessary to carry out fully the provisions of this chapter. (Added by Stats. 1963, Ch. 1227.)

An authority has perpetual succession. (Added by Stats. 1963, Ch. 1227.)

An authority may adopt a seal and alter it at pleasure. (Added by Stats. 1963, Ch. 1227.)

An authority may make contracts to carry out the purposes of the authority. (Added by Stats. 1963, Ch. 1227.)

An authority may have construction or other work performed by contract or may otherwise do the work in the manner provided for the local agency. (Added by Stats. 1963, Ch. 1227.)

The authority may: (a) Sue and be sued, have a seal, and make and execute contracts and other instruments necessary or convenient to the exercise of its powers. (b) Make, and from time to time amend and repeal, regulations not inconsistent with this chapter to carry into effect t…

The authority may: (a) Purchase, lease, obtain option upon, acquire by contract or grant, any real property as defined in Section 40517 or personal property within or contiguous to the local agency, or any interest in, or improvements on, such property. (b) Sell, lease, exchange,…

The authority shall not be bound by any contract made by the local agency with respect to acquisition or disposition of property which was concluded by the local agency prior to the date on which the authority is authorized to transact business and exercise its powers. (Added by …

The authority may enter into a contract and otherwise co-operate with any federal agency or other federal officer, pursuant to the Federal Property and Administration Services Act of 1949 or other act of the Congress of the United States, by the terms of which the authority may a…

The authority may enter into a contract for the purchase of said property over a period of years, not to exceed 40. (Added by Stats. 1963, Ch. 1227.)

The authority may obligate itself to pay the purchase price or installments thereof, in the manner and to the extent required under federal law. (Added by Stats. 1963, Ch. 1227.)

All revenues and income received from the sale or operation of said property, after providing for administration, maintenance and operation costs, shall be used and may be pledged to pay the principal of the purchase price and the interest to accrue thereon, or any bonds issued b…

The authority may enter into leases or contracts of sale of said properties or any part thereof for such periods of time as it deems will beneficially serve any requirements of the contract of purchase, not to exceed 99 years. (Added by Stats. 1963, Ch. 1227.)

The commission may, and, if required by any federal law, shall, cause the validity of its existence, or the right of any of its officers to perform their duties, or the validity of any contract, or of any bonds issued by it therefor, or of any other of its acts or proceedings, to…

The action provided in Section 40575 shall be brought against all persons, pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Added by Stats. 1963, Ch. 1227.)

No contest of any thing or matter provided in this article shall be made other than in the time and manner herein specified. (Added by Stats. 1963, Ch. 1227.)

In any such action all findings of fact or conclusions of the commission upon all matters shall be conclusive unless the action was instituted within six months after the finding or conclusion was made. (Added by Stats. 1963, Ch. 1227.)

Pursuant to this chapter an authority may create a revenue bond indebtedness for the acquisition and construction of any improvements or property or facilities contained within its powers. (Added by Stats. 1963, Ch. 1227.)

Proceedings for the issuance of the bonds shall be had, the commission shall have such powers and duties, and the bondholders shall have such rights and remedies, all in substantial accordance with, and with like legal effect, as provided in Chapter 6 (commencing with Section 543…

The clerk shall publish the revenue bond ordinance once in a newspaper of general circulation published in the city, city and county, or county and if there is none, then in such newspaper of general circulation as the authority may deem most likely to give notice to the resident…

The revenue bond ordinance shall specify the total amount, denomination, method of maturity, and the rate or maximum rate of interest of said bonds, and in general terms, the acquisitions and improvements to be constructed thereby; and, in addition, shall contain such other and f…

The commission may pledge all or any part of the revenues which shall be derived by it from the sale and leasing of property. (Added by Stats. 1963, Ch. 1227.)

It is the intention of this chapter that the authority shall pay all of the costs that it may incur from revenues derived from the sale, leasing and operation of the property. (Added by Stats. 1963, Ch. 1227.)

The commission shall establish and collect rentals, which, with the proceeds of sales, will yield an amount sufficient: (a) To pay the costs of administration and operation of the authority; (b) To pay the costs of maintaining, operating and improving its properties; (c) To pay t…

For purposes of this chapter, the following definitions shall apply: (a) “Participating employer” means an employer that is authorized and has elected to participate in the prefunding plan. (b) “Prefunding plan” means the California Employers’ Pension Prefunding Trust Fund, a tru…

(a) The California Employers’ Pension Prefunding Trust Fund is hereby established as a special trust fund in the State Treasury for the purpose of allowing state and local public agency employers that provide a defined benefit pension plan to their employees to prefund their requ…

Each participating employer shall pay an amount, not to exceed the reasonable administrative costs, as determined by the board, for administrative and asset management of the prefunding plan established by this chapter. The board shall deposit to the credit of the California Empl…

An employer authorized by the board may elect to participate in the prefunding plan established by this chapter. (Added by Stats. 2018, Ch. 665, Sec. 1. (SB 1413) Effective January 1, 2019.)

The board may, in its discretion and upon terms and conditions set by the board, authorize an employer to participate in the prefunding plan established by this chapter. The governing body of a participating employer shall enter into a contract with the board, setting forth the t…

Pursuant to terms and conditions established by the board, an employer may request a disbursement of funds from its account in the California Employers’ Pension Prefunding Trust Fund, as set forth in Section 21711, and transfer those funds directly into the Public Employees’ Reti…

(a) The board may terminate the participation of an employer in the prefunding plan if any of the following apply: (1) An employer elects to cease to participate in the prefunding plan. (2) The board finds that the participating employer has failed to satisfy the terms and condit…

The board may adopt regulations, including emergency regulations pursuant to the Administrative Procedure Act (Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code), to implement this chapter. For purposes of Sections 11346.1 and 1…

Every local agency in this state owning common stock and whose stock is by contract managed by a fiduciary shall request such fiduciary to forward any proxies for shares owned by the agency which are to be voted in a corporate election to the governing body of such local agency. …

Notwithstanding any other provision of the law, every local agency in this state owning common stock shall, when returning proxies to a corporation, vote each proxy that is returned to the corporation. Nothing in this section shall prohibit a local agency in this state owning com…

Nothing in this division requires the disclosure of the results of a test undertaken pursuant to Section 12804.8 of the Vehicle Code. (Added by Stats. 2021, Ch. 614, Sec. 2. (AB 473) Effective January 1, 2022. Operative January 1, 2023, pursuant to Sec. 7931.000.)

Except as provided in Sections 7924.510, 7924.700, and 7929.610, and in Chapter 3 (commencing with Section 99150) of Part 65 of Division 14 of Title 3 of the Education Code, this division does not require disclosure of test questions, scoring keys, and other examination data used…

(a) Notwithstanding the provisions listed in Section 7920.505, upon the request of any Member of the Legislature or upon request of the Governor or the Governor’s designee, test questions or materials that would be used to administer an examination and are provided by the State D…