§ 6.74.030. Declarations.

Latest version.

(a)

Need. There is a need in the county for an industrial development authority to provide industry with an alternative and additional method of finance in accordance with state policy as set forth in the Act.

(b)

Organization. The industrial development authority of this county established by the Act is declared organized and shall function under the name:

INDUSTRIAL DEVELOPMENT
AUTHORITY OF THE
COUNTY OF SAN LUIS OBISPO

and be authorized to transact business and exercise all of the powers and other authority conferred upon industrial development authorities by such Act.

(Ord. 2060 § 1 (part), 1981)

                    
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