California Government Code ARTICLE 3 - Surplus Property Authority

• Section 40520.
  There is, in each city, city and county, or county of the State, a public corporation known as the “surplus property authority” of the city,...
• Section 40521.
  The authority shall not transact any business or exercise any powers unless and until the legislative body shall by ordinance declare that there is need...
• Section 40522.
  The determination that there is need for an authority to function may be initiated by the legislative body on its own motion or upon the...
• Section 40523.
  In any suit, action, or proceeding by or against or in any manner relating to an authority, the authority shall be conclusively deemed to have...
• Section 40524.
  At the time the authority becomes authorized to transact business and exercise its powers, and from time to time thereafter, the legislative body, subject to...
• Section 40525.
  Quarterly, semiannually, or annually, as the legislative body prescribes, the authority shall file with the legislative body a detailed report of all its transactions, including...
• Section 40526.
  At least once annually the authority shall publish a statement of all its financial affairs, audited by independent certified public accountants. The statement shall be...
• Section 40527.
  If within four years after the adoption of an ordinance declaring the need for an authority to function in a local agency, the authority has...
• Section 40528.
  After adoption of an ordinance declaring there is no need for an authority to function, and while it is in effect, the legislative body may...
• Section 40529.
  At any time after the activation of an authority, the legislative body by a two-thirds vote may adopt an ordinance transferring the property of the...

Last modified: October 22, 2018