SECTIONS 67850-67851 - California Statutes

GOVERNMENT CODE

SECTION 67850-67851

67850. In addition to any funds received from federal and state
agencies for the expenses of operating the authority, the board may
receive contributions from agencies represented on the board. Each
agency represented by a board member shall contribute to the
authority, on or before August of each fiscal year, a sum to be
determined by the board for each board member that the agency
appoints. For purposes of this section, the term "public agency" does
not include any elected official of the federal or state government.

67851. The board and the member agencies may provide by contract
for the transfer to the board or between member agencies of revenues
available from sales tax, property tax, or other sources in order to
help finance the cost of paying for services or capital facilities to
serve or enhance the development of military bases. The contract or
contracts may provide for the transfer of funds to member agencies
with responsibility for providing services or facilities within the
area of military bases for a specified number of years, and for the
repayment of those funds in later years with interest, or for
repayment in the form of an equity interest in property, sales, or
other tax revenues that may be payable as a result of development
occurring within the area of the military base. Any such contract
shall be effective only upon approval by the board and the member
agencies involved.