Cal. Pub. Res. Code § 8712
School Land Bank Act
Redline — January 1, 2011 → current.View current text →
Current — January 1, 2021
As of January 1, 2011
The trustee may acquire real property or any interest in real property with the objective of facilitating management of school lands for the purpose of generating revenue.
The trustee may acquire real property or any interest in real property with the objective of facilitating management of school lands for the purpose of generating revenue. The trustee may delegate authority to the trustee’s executive officer to make a nonrefundable downpayment for a potential acquisition of real property or any interest in real property.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.