§ 3330
85 words·~1 min read·
/ca/public-utilities-code/3330A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The chief executive officer shall manage and conduct the business and affairs of the authority and the fund subject to the direction of the board. Except as otherwise provided in this section, the board may assign to the executive director, by resolution, those duties generally necessary or convenient to carry out its powers and purposes under this division. Any action involving final approval of any bonds, notes, loans, or other financial assistance shall require the approval of a majority of the members of the board.