Earlier editions: 2026-07
Title 2 — Administration and Personnel
Rancho Cucamonga Municipal Code Ch. 2.48 Industrial Development Authority
Rancho Cucamonga Municipal Code · 2026-10 edition · updated 2026-10-04 · Rancho Cucamonga
Cite as: Rancho Cucamonga Municipal Code Chapter 2.48 · Text as of 2026-10-04
§ 2.48.010. Need to assist industry.¶
The city council finds and declares that there exists in the city a need to assist industry in the financing of capital outlays required to acquire, construct or rehabilitate facilities in order to increase employment opportunities and to contribute to economic development in the city.
(Code 1980, § 2.48.010; Ord. No. 171, § 1, 1982)
§ 2.48.020. Need for an authority.¶
The city council further finds and declares that there is a need for an industrial development authority of the city in order to assist in providing industry in the city with an alternative method of financing in acquiring, constructing or rehabilitating facilities in accordance with provisions of the California Industrial Development Financing Act, Government Code § 91500 et seq.
(Code 1980, § 2.48.020; Ord. No. 171, § 2, 1982; Ord. No. 870 (Recodification), 2014)
§ 2.48.030. Organization.¶
The industrial development authority of the city established by the California Industrial Development Financing Act is declared organized under the name of "Industrial Development Authority of the City of Rancho Cucamonga," and shall function under and in accordance with the provisions of the California Industrial Development Financing Act, Government Code § 91500 et seq.
(Code 1980, § 2.44.030; Ord. No. 171, § 3, 1982; Ord. No. 870 (Recodification), 2014)
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