California Government Code

§ 63023

GOV § 63023 Effective Jan 1, 1996Div. 1 · Title 6.7 · Ch. 2 · Art. 1

Statute text

In administering and directing the day-to-day operations of the bank in regard to this division, the executive director, or whoever he or she shall assign, may do any of the following if authorized by resolution of the board:

(a)Enter into contracts for investment, guarantee, or enhancement.

(b)Establish procedures, guidelines, criteria, terms, conditions, or other requirements of any contract, bond, grant, or program, as the case may be, in order to carry out the intents and purposes of the board in authorizing any bond, loan, or grant program pursuant to this division.

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Legislative history

Amended by Stats. 1995, Ch. 863, Sec. 12. Effective January 1, 1996.