Subject to Section 32153, the existence of the authority may be terminated by statute at any time by the Legislature. Upon dissolution of the authority, the title to all properties owned by it shall, subject to the interests of any participating parties therein, vest in and become the property of the State of California and shall not inure to the benefit of any private party.
Cal. Pub. Res. Code § 32151
Supplemental Bond Provisions
Known as the California Urban Waterfront Area Restoration Financing Authority Act
The act spans §§ 32000–32208 (64 sections).
Added by Stats. 1983, Ch. 1264, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.