Wednesday, August 25, 2010

Joint powers

(B) A commission provided for by a joint powers agreement pursuant
to Chapter 5 (commencing with 6500) of Division 7 of Title 1.
(C) A nonprofit corporation that is any of the following:
(i) Was formed in accordance with the provisions of a joint powers
agreement to carry out functions specified in the agreement.
(ii) Issued bonds, the interest on which is exempt from federal
income taxes, for the purpose of purchasing land as a site for, or
purchasing or constructing, a building, stadium, or other facility,
that is subject to a lease or agreement with a local public entity.
(iii) Is wholly owned by a public agency.

in reference to: CA Codes (gov:12460-12468) (view on Google Sidewiki)

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