The authority shall establish criteria for the selection of projects to receive financial assistance from the authority. The project selection criteria shall be based upon the economic soundness of the project itself and a reasonable expectation that all financial obligations of the project can be met by participating parties.
Cal. Pub. Res. Code § 32058
Organization of the Authority: General Powers and Duties
Known as the California Urban Waterfront Area Restoration Financing Authority Act
The act spans §§ 32000–32208 (64 sections).
Amended by Stats. 1984, Ch. 665, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.