The authority may enter into leases or contracts of sale of said properties or any part thereof for such periods of time as it deems will beneficially serve any requirements of the contract of purchase, not to exceed 99 years.
Cal. Gov. Code § 40574
Co-operation
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.