California Government Code

§ 63025.1

GOV § 63025.1 Effective Jan 1, 1999Div. 1 · Title 6.7 · Ch. 2 · Art. 1

Statute text

The bank board may do or delegate the following to the executive director:

(a)Sue and be sued in its own name.

(b)As provided in Chapter 5 (commencing with Section 63070), issue bonds and authorize special purpose trusts to issue bonds, including, at the option of the board, bonds bearing interest that is taxable for the purpose of federal income taxation, or borrow money to pay all or any part of the cost of any project, or to otherwise carry out the purposes of this division.

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Legislative history

Amended by Stats. 1998, Ch. 4, Sec. 6. Effective January 1, 1999.