§ 50914
67 words·~1 min read·
/ca/health-and-safety-code/50914A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)The board shall authorize any sale of obligations or securities or other debt obligations and shall approve other major contractual agreements. Any other contractual agreements or debt obligations may be approved by the executive director pursuant to regulations of the board.
(b)Actions of the board may be taken only by a concurrence of a majority of the entire membership thereof, excepting nonvoting ex officio members.