Section 40529 Of Article 3. Surplus Property Authority From California Government Code >> Division 3. >> Title 4. >> Part 2. >> Chapter 19. >> Article 3.
40529
. At any time after the activation of an authority, the
legislative body by a two-thirds vote may adopt an ordinance
transferring the property of the authority to the local agency, and
the local agency may through such department, board, officer, or
agency, as it determines, exercise its powers in regard to such
property by virtue of the Constitution, its charter, this chapter or
any general law. The legislative body shall thereupon adopt an
ordinance dissolving the authority. No such transfer or dissolution
shall be made in contravention of any covenant or agreement made that
is issued and outstanding.