2005 California Government Code Sections 67870 CHAPTER 7. DISSOLUTION

67870.  The authority shall cease to exist when the board determines
that 80 percent of the territory of the military base that is
designated for development or reuse in the plan prepared pursuant to
this title has been developed or reused in a manner consistent with
the reuse plan, or in any case not later than June 30, 20 years after
the creation of the authority.  The local agency formation
commission or commissions of the county or counties that are member
agencies shall provide for the orderly dissolution of the authority,
including ensuring that all contracts, agreements, and pledges to pay
or repay money entered into by the authority are honored and
properly administered, and that all assets of the authority are
appropriately transferred.