After adoption of an ordinance declaring there is no need for an authority to function, and while it is in effect, the legislative body may wind up the affairs of the authority and has title to all property of the authority for such purpose and for the benefit of the local agency.
Cal. Gov. Code § 40528
Surplus Property Authority
Known as the Municipal Federal Surplus Property Authority Law
The act spans §§ 40500–40592 (80 sections).
Added by Stats. 1963, Ch. 1227.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.