TITLE 10. CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT 91500-91562›CHAPTER 1. California Industrial Development Financing 91500-91562›ARTICLE 2. Industrial Development Authorities 91520-91549

§ 91528

California Government Code · 2026-09 edition · updated 2026-10-03 · California

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.)

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California Government Code

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