Section 63028 Of Article 1. Creation Of The Bank From California Government Code >> Division 1. >> Title 6.7. >> Chapter 2. >> Article 1.
63028
. The bank assumes and shall observe, keep, and perform all of
the responsibilities, liabilities, and obligations of the former
California Economic Development Financing Authority established under
Part 10.2 (commencing with Section 15710) of Division 2 of Title 2,
as it read prior to the effective date of this section, and the
assumption of the responsibilities, liabilities, and obligations of
the former California Economic Development Financing Authority shall
occur without any execution or filing of any paper or any further
act. Any reference in any law, contract, bond, indenture, or other
document to the former California Economic Development Financing
Authority shall be deemed, hereafter, to mean the bank.