There is a newer version of the California Code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 91528
CA Govt Code § 91528 (through 2012 Leg Sess) What's This?
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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