§ 91525. — 91525. (Added by Stats. 1980, Ch. 1358.)

California § 91525.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Title 10.: TITLE 10. CALIFORNIA INDUSTRIAL DEVELOPMENT FINANCING ACT
• Ch. 1.: CHAPTER 1. California Industrial Development Financing
• Art. 2.: ARTICLE 2. Industrial Development Authorities

Text

(a)
An authority may appoint such employees and agents, including without limitation financial advisers or consultants, accountants, architects, engineers, or other experts or advisers as it requires, and determine their qualifications, duties, terms of employment or engagement, and compensation. Officers, agents, or employees of a public agency may also be agents or employees of an authority. Officers, agents, or employees of an authority shall not, by reason thereof, be deemed to be officers, agents, or employees of a public agency. An authority shall adopt personnel rules and regulations applicable to its employees.
(b)
An authority may contract for such legal counsel as in its judgment is necessary or advisable to enable it to carry out its purposes, including such bond counsel as it deems advisable in connection with any proceedings.
(c)
No attorney or firm of attorneys employed as counsel by a company may serve at the same time as legal counsel, including bond counsel, and no person or firm employed as financial adviser by a company may at the same time serve as financial adviser, to the authority in connection with any project or proposed project for such company.

Legislative History

Added by Stats. 1980, Ch. 1358.