Section 44550 Of Article 6. Construction And Leases Of Facilities From California Health And Safety Code >> Division 27. >> Chapter 1. >> Article 6.
44550
. The authority may contract with any participating party for
the construction or acquisition of a project by the participating
party. All contracts for the construction or acquisition of a project
by a participating party shall provide that the participating party
shall be responsible for the architectural and engineering design and
for the construction and completion thereof subject to standards for
architectural and engineering design as may be established, and
subject to supervision as the authority deems necessary. The
authority may agree to pay the cost of a project constructed or
acquired by any participating party and to advance costs from time to
time in installments or otherwise as required by the contract for
the construction or acquisition thereof. Title to all of these
projects may be vested in the authority subject to the terms of any
lease thereof to the participating party or the rights of a
participating party under any contract for the purchase or
acquisition of the project including the payment of the purchase
price under installment sales contracts.