California Law (Last Updated: March 4, 2014) |
Public Resources Code - PRC |
Division 22. CALIFORNIA URBAN WATERFRONT AREA RESTORATION FINANCING AUTHORITY ACT |
Chapter 4. Bonds and Notes |
ARTICLE 2. Supplemental Bond Provisions |
Section 32151.
Latest version.
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Subject to Section 32153, the existence of the authority may be terminated by statute at any time by the Legislature. Upon dissolution of the authority, the title to all properties owned by it shall, subject to the interests of any participating parties therein, vest in and become the property of the State of California and shall not inure to the benefit of any private party.
(Added by Stats. 1983, Ch. 1264, Sec. 1.)