California § 33800. 33800. (Repealed and added by Stats. 1996, Ch. 963, Sec. 10.)

California Statutes

§ 33800. — 33800. (Repealed and added by Stats. 1996, Ch. 963, Sec. 10.)

California § 33800.

Code PRCPublic Resources Code - PRC

Div. 23.5.DIVISION 23.5. COACHELLA VALLEY MOUNTAINS CONSERVANCY

Ch. 4.CHAPTER 4. Finances

This text of California § 33800. (33800. (Repealed and added by Stats. 1996, Ch. 963, Sec. 10.)) 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. Public Resources Code - PRC Code § 33800. (2026).

Text

(a)The conservancy may incur debt only for the purpose of acquiring real property. To acquire that property, the conservancy may only borrow money from, and incur a debt to, an entity that is represented on the conservancy’s governing board if the debt instrument pertaining to the acquisition of the property states that the security for the debt created therein is limited to the real property to be acquired, and includes an acknowledgment that no state funds or state credit will be obligated or committed to repay the debt.

(b)Any debt instrument that is entered into by the conservancy after January 1, 1997, shall be null and void, except for a debt instrument that complies with subdivision (a) and is approved by the Department of Finance.

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(a)
The conservancy may incur debt only for the purpose of acquiring real property. To acquire that property, the conservancy may only borrow money from, and incur a debt to, an entity that is represented on the conservancy’s governing board if the debt instrument pertaining to the acquisition of the property states that the security for the debt created therein is limited to the real property to be acquired, and includes an acknowledgment that no state funds or state credit will be obligated or committed to repay the debt.
(b)
Any debt instrument that is entered into by the conservancy after January 1, 1997, shall be null and void, except for a debt instrument that complies with subdivision (a) and is approved by the Department of Finance.

Legislative History

Repealed and added by Stats. 1996, Ch. 963, Sec. 10. Effective September 27, 1996.

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California § 33800., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/33800..