There is a newer version of the California Code
2011 California Code
Government Code
TITLE 10. CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT [91500 - 91574]
ARTICLE 2. Industrial Development Authorities
Section 91521
CA Govt Code § 91521 (through 2012 Leg Sess) What's This?
(a) The sole purpose of an authority is to undertake projects through the issuance of bonds in accomplishment of the purposes provided in Section 91502, and to carry out and complete such projects and perform and exercise derivative obligations and powers.
(b) The jurisdiction of an authority to undertake projects shall be coincident as to territory with the territory of the public agency.
(Added by Stats. 1980, Ch. 1358.)
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