California Government Code ARTICLE 3 - California Industrial Development Financing Advisory Commission

• Section 91550.
  There is in state government the California Industrial Development Financing Advisory Commission, consisting of five members, as follows:(a) The Treasurer, who shall serve as chairperson.(b) The Controller.(c) The...
• Section 91551.
  All members of the commission shall serve thereon without compensation.(Added by Stats. 1980, Ch. 1358.)
• Section 91552.
  The commission shall meet on the call of the chairperson, or at the request of a majority of the members, or at the request of...
• Section 91553.
  The chairperson of the commission on its behalf shall appoint an executive director who shall serve at the pleasure of the commission and shall receive...
• Section 91554.
  Upon order of the commission, any surplus in the Industrial Development Fund not required for the expenses of the commission shall be transferred, in accordance...
• Section 91555.
  The commission may do the following:(a) Assist authorities and state agencies in the planning, preparation, marketing, and sale of bonds, pursuant to this chapter, to reduce...
• Section 91556.
  The commission may assist authorities in making the determinations required by Section 91530 and may establish by regulation the nature of the information required for...
• Section 91557.
  The commission may establish by regulation the nature of the information required for the making of the determinations pursuant to Section 91531.(Amended by Stats. 1981,...
• Section 91558.
  (a) The commission may, upon request of two or more authorities, in order to share expenses and facilitate bond issuance, act as a pooling agent to...
• Section 91559.
  (a) The commission is authorized from time to time to issue its negotiable bonds, notes, debentures, or other securities, collectively called “bonds,” in order to provide...
• Section 91559.1.
  In the discretion of the commission, any bonds issued under the provisions of this article may be secured by a trust agreement by and between...
• Section 91559.2.
  Bonds issued under the provisions of this article shall not be deemed to constitute a debt or liability of the state or of any political...
• Section 91559.3.
  (a) The commission is authorized to issue bonds of the commission for the purpose of refunding any bonds, notes, or securities of the commission then outstanding,...
• Section 91559.4.
  The State of California does pledge to and agree with the holders of the bonds, notes, and other obligations issued pursuant to this article, and...

Last modified: October 22, 2018