§ 55005
216 words·~1 min read·
/ca/health-and-safety-code/55005A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
For the purposes of this division, the local agency shall have the following powers in addition to any other powers granted by this division:
(a)To make and execute contracts and all other instruments necessary or convenient for the exercise of its powers and functions under this division with any governmental agency, private corporation, or other entity or individual.
(b)To determine the terms and conditions of any mortgage instrument, deed of trust, or promissory note used or executed in conjunction with financing pursuant to this division.
(c)To employ architects, engineers, attorneys, accountants, construction and financial experts, and other advisers, consultants, and agents as may be necessary in its judgment.
(d)To provide advice, technical information, and consultative and technical service in connection with financing pursuant to this division.
(e)To procure insurance against any loss in connection with its property and other assets, including mortgages and deeds of trust, in the amounts and from insurers as it deems desirable.
(f)To establish, revise from time to time, and charge and collect fees and charges in connection with financing provided by the local agency.
(g)To borrow money and issue bonds, as provided in this division.
(h)To do any and all things necessary or convenient to the exercise of other powers under this division.