California Penal Code

§ 2808

PEN § 2808 Effective Jan 1, 2026Title 1 · Part 3 · Ch. 6 · Art. 1

Statute text

The board, in the exercise of its duties, shall have all of the powers and do all of the things that the board of directors of a private corporation would do, except as specifically limited in this article, including, but not limited to, all of the following:

(a)To enter into contracts and leases, execute leases, pledge the equipment, inventory, and supplies under the control of the authority and the anticipated future receipts of any enterprise under the jurisdiction of the authority as collateral for loans, and execute other necessary instruments and documents.

(b)To ensure that all funds received by the authority are kept in commercial accounts according to standard accounting practices.

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Legislative history

Amended by Stats. 2025, Ch. 241, Sec. 41. (SB 857) Effective January 1, 2026.