reglab/statecodes huggingface dataset:
2023 California Code › Government Code - GOV › TITLE 9 - POLITICAL REFORM › CHAPTER 11 - Enforcement › Section 91013.

91013. (a) (1) Except as provided in paragraphs (2) to (4), if any person files an original statement or report after any deadline imposed by this act, the person shall, in addition to any other penalties or remedies established by this act, be liable in the amount of ten dollars ($10) per day after the deadline until the statement or report is filed, to the officer with whom the statement or report is required to be filed.
(2) Liability need not be enforced by the filing officer if on an impartial basis the filing officer determines that the late filing was not willful and that enforcement of the liability will not further the purposes of the act, except that liability shall not be waived pursuant to this paragraph if a statement or report is not filed within 30 days for a statement of economic interest, other than a candidate’s statement filed pursuant to Section 87201, 5 days for a campaign statement required to be filed 12 days before an election, and 10 days for all other statements or reports, after the filing officer has sent specific written notice of the filing requirement.
(3) Liability shall not be enforced by the filing officer if the person who filed the late statement or report was unable to timely file the statement or report due to serious illness or hospitalization.
(4) Liability shall not be enforced by the filing officer if the person who filed the late statement or report completes the political reform education program pursuant to Section 83116.7 for that late filing violation.
(b) If any person files a copy of a statement or report after any deadline imposed by this act, the person shall, in addition to any other penalties or remedies established by this chapter, be liable in the amount of ten dollars ($10) per day, starting 10 days, or 5 days in the case of a campaign statement required to be filed 12 days before an election, after the officer has sent specific written notice of the filing requirement and until the statement is filed. Liability shall not be enforced by the filing officer in either of the following circumstances:
(1) The person who filed the late copy of the statement or report was unable to timely file the copy of the statement or report due to serious illness or hospitalization.
(2) The person who filed the late copy of the statement or report completes the political reform education program pursuant to Section 83116.7 for that late filing violation.
(c) The officer shall deposit any funds received under this section into the general fund of the jurisdiction of which the filing officer is an officer. Liability under this section shall not exceed the cumulative amount stated in the late statement or report, or one hundred dollars ($100), whichever is greater.
(Amended by Stats. 2023, Ch. 696, Sec. 2. (SB 29) Effective October 10, 2023. Note: This section was added on June 4, 1974, by initiative Prop. 9.)
2023 California Code › Government Code - GOV › TITLE 9 - POLITICAL REFORM › CHAPTER 11 - Enforcement › Section 91013.5.

91013.5. (a) In addition to any other available remedies, the commission or the filing officer may bring a civil action and obtain a judgment in superior court for the purpose of collecting any unpaid monetary penalties, fees, or civil penalties imposed pursuant to this title. The action may be filed as a small claims, limited civil, or unlimited civil case, depending on the jurisdictional amount. The venue for this action shall be in the county where the monetary penalties, fees, or civil penalties were imposed by the commission or the filing officer. In order to obtain a judgment in a proceeding under this section, the commission or filing officer shall show, following the procedures and rules of evidence as applied in ordinary civil actions, all of the following:
(1) That the monetary penalties, fees, or civil penalties were imposed following the procedures set forth in this title and implementing regulations.
(2) That the defendant or defendants in the action were notified, by actual or constructive notice, of the imposition of the monetary penalties, fees, or civil penalties.
(3) That a demand for payment has been made by the commission or the filing officer and full payment has not been received.
(b) A civil action brought pursuant to subdivision (a) shall be commenced within four years after the date on which the monetary penalty, fee, or civil penalty was imposed.
(Amended by Stats. 2004, Ch. 483, Sec. 5. Effective January 1, 2005.)
2023 California Code › Government Code - GOV › TITLE 9 - POLITICAL REFORM › CHAPTER 11 - Enforcement › Section 91013.7.

91013.7. (a) If the time for judicial review of a final Commission order or decision has lapsed, or if all means of judicial review of the order or decision have been exhausted, the Commission may apply to the clerk of the court for a judgment to collect the penalties imposed by the order or decision, or the order as modified in accordance with a decision on judicial review.
(b) The application, which shall include a certified copy of the order or decision, or the order as modified in accordance with a decision on judicial review, and proof of service of the order or decision, constitutes a sufficient showing to warrant issuance of the judgment to collect the penalties. The clerk of the court shall enter the judgment immediately in conformity with the application.
(c) An application made pursuant to this section shall be made to the clerk of the superior court in the county where the monetary penalties, fees, or civil penalties were imposed by the Commission.
(d) A judgment entered in accordance with this section has the same force and effect as, and is subject to all the provisions of law relating to, a judgment in a civil action and may be enforced in the same manner as any other judgment of the court in which it is entered.
(e) The Commission may bring an application pursuant to this section only within four years after the date on which the monetary penalty, fee, or civil penalty was imposed.
(f) The remedy available under this section is in addition to those available under Section 91013.5 or any other law.
(Added by Stats. 2013, Ch. 645, Sec. 1. (AB 552) Effective January 1, 2014.)
2023 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 91501.

91501. The Legislature hereby finds that it is necessary and essential that the state, in cooperation with the federal government, use all practical means and measures to promote and enhance economic development and increase opportunities for useful employment. The Legislature further finds the alternative method of financing provided in this title will benefit economically distressed communities with concentrated unemployment by employing a labor force from those communities and areas where persons are displaced due to industrial failures. The Legislature further finds that the alternative method of financing provided in this title will benefit economically distressed areas of the state and localities that are making diligent efforts to maintain and provide services to existing companies and to prevent the loss of existing jobs. The Legislature further finds that the alternative method of financing provided in this title will benefit those projects that would employ persons living within an economically distressed area, or projects that are partially funded by the federal government, including, but not limited to, the United States Department of Labor, the United States Department of Housing and Urban Development, or the Economic Development Administration of the United States Department of Commerce. The Legislature further finds and determines that businesses within this state that create, produce, or manufacture tangible goods and require new methods to finance the capital outlays required to acquire, construct, or rehabilitate facilities, equipment, and furnishings that will result in an increase in employment opportunities, the retention of existing jobs, or otherwise contribute to economic development, and the alternate method of financing provided in this division is in the public interest and serves a public purpose and will promote the health, welfare, and safety of the citizens of the State of California.
The Legislature further finds that regional research and development facilities are beneficial to the state and the regions where they are located by providing jobs, contributing to economic development in the state and the surrounding community, and being a source of intellectual capital and intangible assets that ultimately aid California businesses in entering, expanding, and competing in, world markets.
Therefore, the Legislature finds that research and development facilities should be designated “permitted activities” under the state’s industrial development bond program.
(Amended by Stats. 2009, Ch. 648, Sec. 2. (AB 1009) Effective November 5, 2009.)
2023 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 91502.

91502. It is the purpose of this title to carry out and make effective the findings of the Legislature, and to that end, to provide business with an alternative method of financing in acquiring, constructing, or rehabilitating facilities, including, but not limited to, equipment and furnishings, in accordance with the criteria set forth in Section 91502.1, all to the mutual benefit of the people of the state and to protect their health, welfare, and safety.
(Amended by Stats. 2009, Ch. 648, Sec. 3. (AB 1009) Effective November 5, 2009.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 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.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91541.

91541. (a) None of the bonds of an authority or any other obligations of an authority shall be deemed to constitute a debt or liability of the state or any public agency, or a pledge of the faith and credit of the state or any public agency, but shall be payable solely from the funds provided therefor in the proceedings.
(b) The issuance of bonds shall not directly or indirectly or contingently obligate the state or any public agency to levy or to pledge any form of taxation whatsoever therefor or to make any appropriation for their payment.
(c) All bonds shall contain on the face thereof a statement to the following effect:
“Neither the faith and credit nor the taxing power of the State of California or the (insert name of public agency) is pledged to the payment of the principal of, premium, if any, or interest on any bond, nor is the state or such (insert “city,” “county,” or “city and county” as appropriate) in any manner obligated to make any appropriation for payment.”
(d) Neither the members of governing bodies or of boards nor any persons executing the bonds shall in any event be subject to any personal liability or accountability by reason of the issuance of those bonds.
(e) The bonds shall be only a special obligation of an authority as provided by subdivision (a) of Section 91535, and an authority shall under no circumstances be obligated to pay bonds or project costs (other than administration expenses), except from revenues and other funds received under the project agreements for those purposes, nor to pay administration and costs of issuance expenses except from funds received under project agreements for those purposes or from funds that are made available as otherwise authorized by the proceeding or by law. All bonds shall contain on the face thereof a statement of their special obligation nature.
(Amended by Stats. 2009, Ch. 648, Sec. 13. (AB 1009) Effective November 5, 2009.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91542.

91542. At such time as all obligations under the project agreements respecting any particular project have been satisfied or otherwise discharged or adequately provided for and all the bonds issued to finance such project have been repaid or payment thereof has been adequately provided for, and all other obligations of the authority of any nature whatsoever with respect to such project have been satisfied or otherwise discharged or adequately provided for, the authority is authorized to execute such deeds and conveyances as may be necessary to convey the funds and property provided by the project agreements to be conveyed to the company and shall deliver and pay over to the public agency any remaining funds and properties of the authority which were derived from or are attributable to such project.
(Amended by Stats. 1982, Ch. 1605, Sec. 17.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91543.

91543. All general or special laws or parts thereof inconsistent with this title shall be inapplicable to the exercise of any of the powers conferred under the provisions of this title. Without limiting the generality of the foregoing, the provisions of Divisions 3 (commencing with Section 11000), 4 (commencing with Section 16100), and 5 (commencing with Section 18000) of Title 2 of this code, relating to the executive department of the state, and of Division 13 (commencing with Section 21000) of the Public Resources Code, shall not be applicable to authorities.
(Amended by Stats. 1982, Ch. 1605, Sec. 18.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91544.

91544. (a) Whenever the governing body, by ordinance, shall declare that there is no longer a need for an authority to, and that the authority shall not further, function, thereafter the authority shall transact no further business and exercise no further powers, the offices shall be deemed vacated, and all funds and properties shall vest in the public agency. Any net earnings of an authority shall, pursuant to this section or Section 91542, inure solely to the benefit of the public agency and not to the benefit of any company or other private person. The ordinance shall be subject to referendum in the manner prescribed by law for ordinances of the public agency. The adoption of such an ordinance shall not preclude the subsequent adoption of an ordinance pursuant to Section 91520.
(b) The state may, by appropriate legislation at any time and at its sole discretion, alter or change, consistent with the other provisions of this title, the structure, organization, programs, or activities of authorities, including cause their dissolution. Any funds or properties, or net earnings, of an authority shall, upon dissolution, be disposed of as provided in subdivision (a).
(Added by Stats. 1980, Ch. 1358.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91545.

91545. Any action pursuant to Section 91544 shall have no effect on, and shall not be deemed to impair, any contracts previously entered into by an authority, including any bonds theretofore issued or other obligations theretofore incurred (relating to the subsequent issuance of bonds or otherwise), and, in the event that at the time of the taking of such action any such contracts remain unsatisfied or otherwise undischarged, the governing body shall, in such ordinance, or by other appropriate means in the event of state action and a failure of the state to provide otherwise, make provision for their satisfaction or discharge, and to that end, the public agency may undertake any performance or observance the authority is authorized to perform or observe relating to their satisfaction or discharge.
(Added by Stats. 1980, Ch. 1358.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91546.

91546. This title, being necessary for the welfare of the state and its inhabitants, shall be liberally construed to effect its purposes.
(Added by Stats. 1980, Ch. 1358.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91547.

91547. The State of California does hereby pledge to and agree with the holders of any bonds issued, and with those companies which may enter into project agreements with authorities, pursuant to the provisions of this article, that the state will not alter or change the structure, organization, programs, or activities hereby vested in public agencies or authorities until such bonds are fully met or discharged and such project agreements are fully performed or discharged, on the part of authorities or public agencies, as the case may be; provided, however, that nothing herein contained shall preclude such alteration or change, if, and when, adequate provision shall have been made by law for the protection from impairment of the contracts represented by such bonds and project agreements, and such right to so alter or change is hereby reserved. Authorities are authorized to include this pledge and undertaking of the state in such bonds and project agreements.
(Added by Stats. 1980, Ch. 1358.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91548.

91548. An action may be brought pursuant to Chapter 9 (commencing with Section 860) of Part 2 of Title 10 of the Code of Civil Procedure, to determine the validity of bonds, proceedings, project agreements, or indentures, including, without limiting the generality of the foregoing, the legality of all proceedings theretofore taken for or in any way connected with the establishment of the authority and its authorization to transact business and exercise its powers, and also including the legality of all proceedings, as proposed to be taken in the proceedings, project agreements, and indentures theretofore undertaken, for the authorization, issuance, sale, and delivery of bonds and the payment thereof and interest thereon, and all such matters respecting which an action may be brought pursuant to such chapter shall be subject to the provisions thereof regarding validity and incontestability.
(Added by Stats. 1980, Ch. 1358.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 2 - Industrial Development Authorities › Section 91549.

91549. (a) Except as may be authorized by other state legislation, this title provides the exclusive authority of public agencies for the undertaking, carrying out, and completion of projects authorized by this title.
(b) Except as limited by subdivision (a), the authorizations of this title shall be regarded as supplemental and additional to powers conferred by other laws. However, all projects authorized by this title which are undertaken, carried out, or completed by redevelopment agencies shall be subject to the terms and limitations of this title, notwithstanding the authorities and provisions created by and under other laws.
(c) In the exercise of any of the powers conferred, including powers relating to the offer, issuance, and sale of bonds, under this title, authorities need not comply with any law applicable to the exercise of similar powers except as referred to in this article.
(d) A charter city which is otherwise authorized to undertake, carry out and complete projects hereunder authorized need not comply with this title as to warehousing activities.
(Amended by Stats. 1987, Ch. 1109, Sec. 11. Effective September 25, 1987.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 3 - Small Business Financing › Section 91560.

91560. (a) The Legislature finds and declares that small businesses may have difficulty establishing adequate security for bonds issued by an authority in their behalf; that establishing common reserve funds will help to provide reasonable security for these bonds and will help to make the authority’s services available to various small businesses that may be otherwise unable to use them.
(b) For the purpose of establishing and maintaining the common reserve funds it deems necessary or desirable to secure its bonds or any issuance thereof, an authority, pursuant to its project agreements with companies, may levy fees or other charges on, or require deposits from, companies receiving financing for projects under this title. Before levying any of these fees or charges or requiring deposits, an authority shall adopt regulations for the operation of the common reserve funds and governing the amounts and any payment schedule for the fees, charges, or deposits.
(c) Subject to any prior contractual obligations to any of its bondholders, an authority may establish one or more common reserve funds for any or all of its bonds. Each authority shall establish its liability limits of the common reserve fund with respect to any single issue of bonds issued by the authority.
(d) Each common reserve fund established pursuant to this section shall be deposited in a special account that shall be established by the Controller. Notwithstanding any other provision of law, all interest or other increment earned by investment or deposit of moneys in such an account pursuant to any provision of Part 2 (commencing with Section 16300) of Division 4 of Title 2 or pursuant to any other provision of law shall be credited to, and deposited in, the account.
(Amended by Stats. 2018, Ch. 645, Sec. 7. (AB 1547) Effective September 21, 2018.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 3 - Small Business Financing › Section 91561.3.

91561.3. Each local authority may enter into joint powers agreements with other local authorities to issue pooled bonds in response to small business loan requests.
(Amended by Stats. 2018, Ch. 645, Sec. 9. (AB 1547) Effective September 21, 2018.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 3 - Small Business Financing › Section 91561.5.

91561.5. For purposes of this article, “small business” means small business as defined in Section 14837.
(Amended by Stats. 2018, Ch. 645, Sec. 10. (AB 1547) Effective September 21, 2018.)
2023 California Code › Government Code - GOV › TITLE 10 - CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT › CHAPTER 1 - California Industrial Development Financing › ARTICLE 3 - Small Business Financing › Section 91562.

91562. A small business loan issued pursuant to this chapter, shall be for no less than seventy-five thousand dollars ($75,000), nor more than five hundred thousand ($500,000).
(Added by Stats. 1984, Ch. 1166, Sec. 6.)
2023 California Code › Government Code - GOV › TITLE 11 - CALIFORNIA PASSENGER RAIL FINANCING COMMISSION ACT › CHAPTER 1 - General Provisions and Definitions › ARTICLE 1 - General Provisions › Section 92000.

92000. This title may be cited as the California Passenger Rail Financing Commission Act.
(Added by Stats. 1982, Ch. 1553, Sec. 2.)
2023 California Code › Government Code - GOV › TITLE 11 - CALIFORNIA PASSENGER RAIL FINANCING COMMISSION ACT › CHAPTER 1 - General Provisions and Definitions › ARTICLE 1 - General Provisions › Section 92001.

92001. The Legislature hereby finds that it is necessary and essential that the state use all means and measures to promote rapid rail transit systems within the state in order to reduce air pollution and reduce congestion on freeways, streets, and highways.
The Legislature further finds that the alternative methods of financing provided in this title are needed to finance the cost of acquiring, constructing, and developing facilities for rapid rail transit systems within the state and that these methods will increase economic opportunities, contribute to economic development, be in the public interest and serve a public purpose, and will promote the health, safety, and welfare of citizens within the State of California.
(Added by Stats. 1982, Ch. 1553, Sec. 2.)