California Government Code

§ 5905

GOV § 5905 Effective Sep 30, 1986Div. 6 · Title 1 · Ch. 11

Statute text

One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations, not chartered by a state or federal agency as a depository institution, but organized for the purpose of undertaking financing programs approved by each legislative body and found by each legislative body to be of benefit to the state or local government.

Legislative history

Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.