reglab/housing_qa huggingface dataset:
CA Govt Code § 91503 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 1 - General Provisions and Definitions|Section 91503.

91503.  The property acquired pursuant to this article shall be suitable for, or shall evidence an obligation respecting, certain activities or uses. The activities or uses shall include one or more of the activities or uses described in subdivision (a) and, unless incidental to those activities or uses, shall not include any of the activities described in, and not excepted from, subdivision (b).(a) (1) Industrial uses including, without limitation, assembling, fabricating, manufacturing, processing, or warehousing activities with respect to any products of agriculture, forestry, mining, or manufacture, if these activities have demonstrated job creation or retention potential.(2) Energy development, production, collection, or conversion from one form of energy to another.(3) Research and development activities relating to commerce or industry, including, without limitation, professional, administrative, and scientific office and laboratory activities or uses.(4) Commercial uses located within an enterprise zone designated pursuant to Chapter 12.8 (commencing with Section 7070) of Division 7 of Title 1, commercial activities within an empowerment zone and enterprise community designated pursuant to Section 1391 of the Internal Revenue Code of 1986, in effect on January 1, 1998, commercial uses located within a recovery zone designated pursuant to Section 1401 of the American Recovery and Reinvestment Act of 2009 (Public Law 111-5), or any amendments thereto, or other commercial needs.(5) Processing or manufacturing recycled or reused products and materials by manufacturing facilities.(6) Business activities with the purpose of creating or producing intangible property.(b) (1) Residential real property for family unit or other housing activities.(2) Airport, dock, wharf, or mass commuting activities, or storage or training activities related to any of those activities, unless the property acquired is suitable for one or more of the activities described in paragraph (4) of subdivision (a).(3) Sewage or solid waste disposal activities or electric energy or gas furnishing activities, unless the property acquired is suitable for one or more of the activities described in paragraph (2) or (4) of subdivision (a).(4) Water furnishing activities, unless the property acquired is suitable for one or more of the activities described in paragraph (4) of subdivision (a).(5) Any activities of persons qualifying as exempt persons under Section 501 of the Internal Revenue Code of 1986, as amended, undertaken by those persons, other than activities constituting an unrelated trade or business as described in Section 513 of that code.(Amended by Stats. 2009, Ch. 648, Sec. 5. (AB 1009) Effective November 5, 2009.)
CA Govt Code § 91520 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91520.

91520.  (a) There is in each public agency a public, corporate instrumentality of the State of California, known as the industrial development authority of the public agency. Each public agency is authorized to utilize that authority in the issuance of revenue bonds in the accomplishment of the public purposes as provided in Section 91502. The purposes provided in Section 91502 shall be deemed to constitute public purposes of the public agency, and the exercise by each authority of the powers conferred by this title, including the power to issue revenue bonds, shall be deemed to be the performance of an essential governmental function of the public agency; provided, however, that exercise of the powers conferred by this title in the achievement of the purposes provided in Section 91502 shall be subject to the provisions of, and exclusively as provided in, this article.(b) An authority shall not transact any business or exercise any powers under this article unless, by ordinance, or, in the case of a redevelopment agency, by resolution, the governing body declares that there is a need for the authority and that the authority shall function. The ordinance shall be subject to referendum in the manner prescribed by law for ordinances of the public agency. With respect to a redevelopment agency, the resolution provided for herein shall be subject to referendum in the manner prescribed by law for ordinances of the community in which the agency is located.(c) An authority shall conclusively be deemed to have been established and authorized to transact business and exercise its powers upon proof of the adoption of such an ordinance or resolution.(d) Notwithstanding any other provision contained in this article, a public agency shall have the power to transact any business or exercise any powers of an authority conferred by this title without having to establish an authority. However, a public agency may, at its option, establish an authority pursuant to the provisions of this article to exercise any powers conferred by this article. In the event that a public agency acts as an industrial development authority, any reference to authority and board contained in this title shall mean public agency and governing body, respectively.(Amended by Stats. 1999, Ch. 61, Sec. 3. Effective January 1, 2000.)
CA Govt Code § 91521 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91521.

91521.  (a) The sole purpose of an authority is to undertake projects through the issuance of bonds in accomplishment of the purposes provided in Section 91502, and to carry out and complete such projects and perform and exercise derivative obligations and powers.(b) The jurisdiction of an authority to undertake projects shall be coincident as to territory with the territory of the public agency.(Added by Stats. 1980, Ch. 1358.)
CA Govt Code § 91523 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91523.

91523.  As an alternate to the appointment of directors pursuant to Section 91522, the governing body may, at its sole discretion and at any time regardless of the incumbency of any directors appointed pursuant to Section 91522, by resolution, declare itself to be the board, in which case all the rights, powers, privileges, duties, liabilities, disabilities, and immunities vested in a board shall be vested in the governing body as such board and the terms of office of any incumbents appointed pursuant to Section 91522 shall be deemed terminated. A governing body which has adopted a resolution pursuant to this section may at any time adopt the resolution provided for by Section 91522 and, thereupon, the resolution provided for by this section shall, upon the effectiveness of such resolution, be deemed repealed.(Added by Stats. 1980, Ch. 1358.)
CA Govt Code § 91524 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91524.

91524.  (a) The principal office of an authority shall be located at the principal office of the public agency.(b) Each authority shall have a chairperson of its board, who shall be elected by the members of the board from among its membership.(c) Public officers of an authority consist of the chairperson and members of the board, a secretary, a treasurer, and such assistants for the secretary and the treasurer as the board may appoint. The corresponding officers of the public agency may, by designation by resolution of the board, be the secretary, the treasurer, and assistants of the authority. The secretary, the treasurer, and assistants may be compensated.(d) An authority shall file, with the clerk of the public agency, a certificate of a majority of the authorized number of directors as to the secretary and any assistant secretaries of the authority, and such certificate shall, until superseded by a later certificate, be conclusive with respect to the authority that such person is the secretary or assistant secretary, as the case may be, of the authority.(e) A certificate of the clerk of the public agency as to the secretary or assistant secretary of the authority, and of the secretary or assistant secretary so certified as to the incumbents of any offices, shall be conclusive with respect to the public agency and the authority that such persons are the incumbents of such offices in any transactions of the authority authorized by this title.(Added by Stats. 1980, Ch. 1358.)
CA Govt Code § 91525 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91525.

91525.  (a) An authority may appoint such employees and agents, including without limitation financial advisers or consultants, accountants, architects, engineers, or other experts or advisers as it requires, and determine their qualifications, duties, terms of employment or engagement, and compensation. Officers, agents, or employees of a public agency may also be agents or employees of an authority. Officers, agents, or employees of an authority shall not, by reason thereof, be deemed to be officers, agents, or employees of a public agency. An authority shall adopt personnel rules and regulations applicable to its employees. (b) An authority may contract for such legal counsel as in its judgment is necessary or advisable to enable it to carry out its purposes, including such bond counsel as it deems advisable in connection with any proceedings.(c) No attorney or firm of attorneys employed as counsel by a company may serve at the same time as legal counsel, including bond counsel, and no person or firm employed as financial adviser by a company may at the same time serve as financial adviser, to the authority in connection with any project or proposed project for such company.(Added by Stats. 1980, Ch. 1358.)
CA Govt Code § 91525.5 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91525.5.

91525.5.  A member of the board or other officer of an authority or a member of the governing body who has any financial interest, other than an interest as defined by Section 1091 or 1091.5, in any project, project agreement, indenture, bonds, or the sale thereof, shall fully disclose the nature of the interest to the board, or governing body, and shall not cast a vote upon any matter concerning that project, project agreement, indenture, bonds, or the sale thereof, in any manner whatsoever, except that the presence of the member may be considered in determining the existence of a quorum.(Added by Stats. 1982, Ch. 1605, Sec. 4.)
CA Govt Code § 91526 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91526.

91526.  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.(Amended by Stats. 1982, Ch. 1605, Sec. 5.)
CA Govt Code § 91528 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91528.

91528.  An authority shall not have the power to operate any facility as a business, except in the event of a default on any bonds, through a trustee, for the minimum reasonable time needed to sell or otherwise dispose of the facility in accordance with the resolution or indenture.(Added by Stats. 1980, Ch. 1358.)
CA Govt Code § 91529 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91529.

91529.  Companies may apply for financing pursuant to this article by filing with an authority an application therefor which includes all of the following:(a) Such financial, legal, and other information as is required by an authority.(b) An estimate of the amount of bonds proposed to be issued, of the sources of amounts otherwise required for the project, and an itemization of the estimated cost and any other expenses which aggregate not less than the estimated amount of bonds.(c) Sufficient other information as is necessary to the determinations required to be made by subdivision (c) of Section 91530.An application may be amended, supplemented, or clarified from time to time, with any information that is required for the making of the determinations desired at the time, in accordance with procedures established by the authority.(Amended by Stats. 2018, Ch. 645, Sec. 2. (AB 1547) Effective September 21, 2018.)
CA Govt Code § 91534 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91534.

91534.  No company shall, by reason of any project agreement, be deemed the agent of an authority in the carrying out of such agreement unless (and in such case only to the extent) such agreement specifically provides otherwise.(Added by Stats. 1980, Ch. 1358.)
CA Govt Code § 91536 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91536.

91536.  In the discretion of an authority, any bonds issued under the provisions of this title may be secured by an indenture. Such indenture may vest in bondholders the right to remove and appoint a new trustee or agent. The trustee or agent may at any time own all or any part of the bonds, unless otherwise provided in the indenture. Such indenture may vest in such trustee, bondholder, or agent, as provided therein, property, rights, powers and duties, and may pledge, encumber, or assign the revenues, the project agreements and any other rights as security for the bonds and for the benefit of the bondholders, subject to such agreements with bondholders as may then exist. Such indenture may contain covenants of the authority as to the acquisition of property, the disposition of any property, or part thereof, the subjecting of additional property thereto or to the lien thereof, the issuance of additional bonds, the custody, deposit, investment and application of all moneys, the creation and maintenance of reserves, the disposition of insurance or condemnation proceeds, and the use of surplus bond proceeds. Any such indenture may define events of default thereunder, which may include events of default of a company under the project agreements, may specify the action to be taken by the trustee, bondholder, or agent upon an event of default, may set forth the rights and remedies of the bondholders and of the trustee or agent, and may, in the case of a trustee, restrict the individual right of action by bondholders. In addition, any such indenture may contain such other provisions as the board may deem reasonable and proper and which relate in any way to the security or protection of bondholders. All expenses incurred in carrying out the provisions of such indenture shall be treated as an administration expense. Any lien or other interest established by any indenture shall be valid and binding from the date thereof, and any revenues or amounts to cover administration expenses thereafter received by, or on behalf of, an authority or trustee or agent thereunder shall immediately be subject to the lien thereof or other interest established thereby without any further act, which lien or other interest shall be valid and binding as against all persons, irrespective of notice, without any filing or recording except a filing in the records of the authority. If so provided in the indenture, all or designated revenues shall further be deemed to be trust funds and shall be held and applied solely as provided in such indenture, and no bondholder shall, as such, be in any manner obligated to see to the proper application thereof.(Amended by Stats. 1982, Ch. 1605, Sec. 13.)
CA Govt Code § 91537 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91537.

91537.  The issuance of bonds shall be authorized by resolution of the board adopted at any time following the determinations provided for in subdivision (j) of Section 91527 or Section 91530. The resolution may, as the board deems advisable and in accordance with the provisions of this article, provide for, or authorize the execution of a loan agreement, the repayment obligation of which is evidenced by the bonds, providing for, or authorize the execution of an indenture providing for:(a) The fixing and collection of revenues;(b) The creation and maintenance of special funds, including reserve and sinking funds;(c) Limitations on expenditures of bond proceeds;(d) The procedure, if any, by which any contract represented by bonds may be amended or abrogated;(e) The acts and omissions which shall constitute, and the rights and remedies available, in an event of default. In such an event of default, the obligations of the authority may be enforced, as appropriate, by mandamus, by the appointment of a receiver, by foreclosure or sale, by injunction, by specific performance, by equitable relief, or by any one or more of such remedies or any other remedy; and(f) Any additional matters authorized to be included in an indenture or which relate to the security, protection, or return of bondholders.(Amended by Stats. 1982, Ch. 1605, Sec. 14.)
CA Govt Code § 91537.5 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91537.5.

91537.5.  The bonds may bear interest on the amount or amounts, payable at the time or times, evidenced in the manner and at the fixed or variable rate or rates as shall be established by or pursuant to a method approved by the board, but the maximum rate of interest to be paid on any tax-exempt bonds shall not exceed 12 percent per annum or such higher rate as is at the time of accrual of interest then stated in Section 53531 or other applicable law. In the case of taxable bonds, or tax-exempt bonds the interest on which becomes includable in federal gross income after original issuance, the maximum rate of interest to be paid on the bonds shall not exceed 16 percent per annum. Project agreements may bear up to the same rate of interest as the underlying bonds.(Amended by Stats. 1987, Ch. 1109, Sec. 9. Effective September 25, 1987.)
CA Govt Code § 91538 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91538.

91538.  Bonds may be sold at the prices that the board directs, at public or private sale, subject to subdivision (b) of Section 91535.(Amended by Stats. 2009, Ch. 648, Sec. 11. (AB 1009) Effective November 5, 2009.)
CA Govt Code § 91539 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91539.

91539.  Notwithstanding any other provision of law:(a) Authorities and their revenues, amounts for administration or costs of issuance expenses, and any other income shall be exempt from all taxes on, or measured by, income.(b) Bonds issued by authorities shall be exempt from all property taxation and the interest on such bonds shall be exempt from all taxes on income.(c) All property owned by authorities shall be exempt from property taxes, assessments, and other public charges secured by liens.(d) All interests of companies in the property of projects shall, for purposes of property taxation, be subject to the provisions of Division 1 (commencing with Section 101) of the Revenue and Taxation Code, and such interests as constitute the tax base for property taxation shall be subject to such assessments and charges on the same basis as other property.(e) “Sale” and “purchase,” for the purposes of Part 1 (commencing with Section 6001) of Division 2 of the Revenue and Taxation Code, do not include any lease or transfer of title of tangible or intangible personal property constituting any project or facility to an authority by a company, nor any lease or transfer of title of tangible or intangible personal property constituting any project or facility by such authority to any company, when the transfer or lease is made pursuant to this title.(Amended by Stats. 2009, Ch. 648, Sec. 12. (AB 1009) Effective November 5, 2009.)
CA Govt Code § 91540 (2021)
2021 California Code|Government Code - GOV|TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT|CHAPTER 1 - California Industrial Development Financing|ARTICLE 2 - Industrial Development Authorities|Section 91540.

91540.  (a) All property, revenues, and funds, owned or possessed by an authority for the purposes of this title, shall be exempt from levy and sale by virtue of execution or other judicial process. Execution or other judicial process shall not issue against such property, revenues, or funds nor shall any judgment against an authority be a charge or lien upon such property, revenues, or funds. (b) This section does not apply to or limit the right of obligees to enforce, as appropriate, any indenture or the right of obligees to pursue any remedies for the enforcement of any assignment by an authority of or any pledge or lien given by an authority on revenues, project agreements, administration expenses or any other assets.(c) This section does not apply to interests of companies.(Amended by Stats. 1982, Ch. 1605, Sec. 16.)