California Government Code

§ 99005

GOV § 99005 Effective Oct 28, 2003Title 17 · Ch. 2

Statute text

The authority may do all of the following:

(a)Sue and be sued.

(b)Issue taxable or tax-exempt bonds for the purpose of funding the accumulated budget deficit and paying costs related thereto, including, but not limited to, reserves, capitalized interest, costs of obtaining or entering into any ancillary obligations, and costs of issuance, or for the purpose of refunding any bonds previously issued pursuant to this title and paying the costs related thereto.

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Legislative history

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