California Health and Safety Code 34359 – An authority may:(a) Pledge all or any part of its gross or net …
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An authority may:
(a) Pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may thereafter come into existence.
Terms Used In California Health and Safety Code 34359
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- County: includes city and county. See California Health and Safety Code 14
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
- Personal property: All property that is not real property.
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
(b) Mortgage all or any part of its real or personal property then owned or thereafter acquired.
(c) Borrow money from private sources, the state, county, or federal government, and issue its notes and encumber its assets as security by means of deeds of trust. The obligation of the authority is limited to the security on the deed of trust.
(Amended by Stats. 1975, Ch. 166.)