Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 3./Title 2.: DIVISION 3. EXECUTIVE DEPARTMENT/Part 7.2.: PART 7.2. HEALTH FACILITIES FINANCING AUTHORITY ACT/§ 15458.
California Statutes

§ 15458. — 15458. (Added by Stats. 1979, Ch. 1033.)

California § 15458.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.3.
Title 2.DIVISION 3. EXECUTIVE DEPARTMENT
Part 7.2.PART 7.2. HEALTH FACILITIES FINANCING AUTHORITY ACT

This text of California § 15458. (15458. (Added by Stats. 1979, Ch. 1033.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 15458. (2026).

Text

Upon dissolution of the authority, title to all property owned by the authority shall vest in the successor authority created by the Legislature, if any, if such successor authority qualifies under Section 103 of the federal Internal Revenue Code of 1954, as amended, and the regulations promulgated thereunder, as an authority entitled to issue obligations on behalf of the State of California the interest on which is exempt from federal income taxation. If no such successor authority is so created, title to such property shall vest in the State of California.

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Legislative History

Added by Stats. 1979, Ch. 1033.
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California § 15458., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/15458..