The authority shall not be bound by any contract made by the local agency with respect to acquisition or disposition of property which was concluded by the local agency prior to the date on which the authority is authorized to transact business and exercise its powers.
Cal. Gov. Code § 40568
Powers
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.