California Government Code

§ 6585

GOV § 6585 Effective Jan 1, 2022Div. 7 · Title 1 · Ch. 5 · Art. 4

Statute text

All of the following definitions govern the construction and interpretation of this article:

(a)(1) Except as provided in paragraphs (2) and (3), “authority” means an entity created pursuant to Article 1 (commencing with Section 6500) and includes any successor to the powers and functions of that entity.

(2)In the case of an authority issuing bonds pursuant to this chapter in which VLF receivables are pledged to the payment of the bonds, other than VLF receivables so pledged for a county of the first class, an authority shall consist of not fewer than 100 local agencies.

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Legislative history

Amended by Stats. 2021, Ch. 233, Sec. 2. (AB 758) Effective January 1, 2022.