Earlier editions: 2026-09
Chapter 8 — ASSESSMENT DISTRICTS AND BOND PROCEDURES›Division 2 — REVENUE BONDS
Fresno Municipal Code Art. 6 Revenue Bonds—industrial Development Authority
Fresno Municipal Code · 2026-10 edition · updated 2026-10-04 · Fresno
Cite as: Fresno Municipal Code Article 6 · Text as of 2026-10-04
SEC. 8-2-601. - TITLE.¶
This article may be cited as the Fresno Industrial Development Authority Law.
(Added Ord. 83-12, § 1, eff. 2-18-83; Am. Ord. 2007-97, § 2, eff. 1-19-08).
SEC. 8-2-602. - PURPOSE.¶
It is hereby found and declared, pursuant to Government Code Section 91520 of the California Industrial Development Act (hereinafter, the "Act"), that there is a need for the Industrial Development Authority of the City of Fresno created by said Section 91520; that such Authority shall function in the city, and said Authority is hereby authorized to transact business and to exercise all powers permitted by law. The Authority established in the city by the Act and authorized to transact business and exercise its powers thereunder by this article shall be known as the "Industrial Development Authority of the City of Fresno."
(Added Ord. 83-12, § 1, eff. 2-18-83; Am. Ord. 2007-97, § 2, eff. 1-19-08).
SEC. 8-2-603. - BOARD OF DIRECTORS.¶
The Council hereby declares itself to be the Board of Directors of such Industrial Development Authority, and all the rights, powers, privileges, duties, liabilities, disabilities, and immunities vested in such a board under the Act shall be vested in the Council as such a board.
(Added Ord. 83-12, § 1, eff. 2-18-83; Am. Ord. 2007-97, § 2, eff. 1-19-08).
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