California Harbors and Navigation Code 1704 – In addition to any purpose authorized under the joint powers law for …
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In addition to any purpose authorized under the joint powers law for which bonds may be issued, an authority may issue bonds in the manner set forth in Article 4 (commencing with Section 6584) of Chapter 5 of Division 7 of Title 1 of the Government Code, to finance or refinance any port or harbor infrastructure or to make deposits into the infrastructure fund or any subaccount thereof, except that a nonprofit public benefit corporation may issue bonds only to the extent authorized by a joint powers agreement.
(Amended by Stats. 1993, Ch. 1197, Sec. 8. Effective January 1, 1994.)
Terms Used In California Harbors and Navigation Code 1704
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.