Section 91532 Of Article 2. Industrial Development Authorities From California Government Code >> Title 10. >> Chapter 1. >> Article 2.
91532
. (a) The commission may provide, by regulation, that at the
option of an authority, the commission will make determinations
pursuant to subdivision (b) of Section 91531 under any of the three
criteria, separately, without at the same time making determinations
under the remaining criteria.
(b) In the event an authority elects to request determinations
under less than all of the three criteria, the 60-day period of
subdivision (d) of Section 91531 is applicable only to determinations
under the designated criteria and the commission retains
jurisdiction to make determinations under the remaining criteria,
upon request, and prior to the expiration of a 60-day period
applicable to each separate determination requested.
(c) The commission may provide that at the option of an authority,
the commission will make a determination with regard to the
qualification of bonds for issuance under the provisions of Article 5
(commencing with Section 91570), upon the basis of statements and
descriptions. In such event bonds shall not be delivered in return
for the purchase price until the submission is supplemented with
proposed forms of project agreements, indentures and other
proceedings not differing substantially from the statements and
descriptions.
(d) An authority acting pursuant to subdivision (d) of Section
91531 may follow the same procedures as are followed by the
commission pursuant to this section.