Gov. Code, § 91526 · Article 2. Industrial Development Authorities
Gov. Code, § 91526
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
An authority may:
(a) Sue and be sued in its own name.
(b) Have an official seal.
(c) Have perpetual succession.
(d) Make and execute contracts and other instruments and documents.
(e) Make, amend, and repeal bylaws governing procedures and meetings of the board and the duties of its officers, and make, amend, and repeal rules, regulations, and policies governing the transaction of its business and the exercise of its powers.
(f) Use premises of, subject to the regulation thereof by, the public agency.
(g) Administer its funds and deposit, invest, and reinvest funds in the types of securities or obligations permitted the public agency in accordance with law.
(h) Use discretion in the undertaking of projects, including the establishment of reasonable priorities and criteria among the types and locations of projects and regarding companies.
Notes and commentary — not statutory text
History
Amended by Stats. 1982, Ch. 1605, Sec. 5.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=91526.
- Text hash
- sha256 1813856f6c23f7eb9ebd83e697228b8cbff885b985e8a1ab0b515b705c972cad
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.