California Government Code

§ 99004

GOV § 99004 Effective Oct 28, 2003Title 17 · Ch. 2

Statute text

(a)The California Fiscal Recovery Financing Authority is hereby created in state government solely for the purpose of the issuance and sale of the bonds and ancillary obligations authorized by this title and the performance of any necessary obligations related thereto. The authority is a public instrumentality of the state, and the exercise by the authority of the powers granted in this title is deemed and held to be the performance of an essential public function.

(b)(1) The authority consists of all of the following members:

(A)The Governor or his or her designee.

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Legislative history

Added by Stats. 2003, 1st Ex. Sess., Ch. 13, Sec. 2. Effective October 28, 2003.