Section 50914 Of Chapter 1. Organization From California Health And Safety Code >> Division 31. >> Part 3. >> Chapter 1.
50914
. (a) The board shall authorize any sale of obligations or
securities or other debt obligations and shall approve other major
contractual agreements. Any other contractual agreements or debt
obligations may be approved by the executive director pursuant to
regulations of the board.
(b) Actions of the board may be taken only by a concurrence of a
majority of the entire membership thereof, excepting nonvoting ex
officio members.