California · Government Code
GOV §5807: As used in this chapter, “public leaseback” means any lease by a public body of all or any part of a public project where the lease is between such public body as lessee and an issuer as lessor and th
What this law says, in plain English
A public leaseback is a lease agreement where a public body rents all or part of a public project from an issuer who owns it.
Read the full statutory text
As used in this chapter, “public leaseback” means any lease by a public body of all or any part of a public project where the lease is between such public body as lessee and an issuer as lessor and the lease is executed before the public project is acquired, constructed or completed.
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