A.3 Organic Statutes of Specific Entities Authorized to Issue Debt

A.3 Organic Statutes of Specific Entities Authorized to Issue Debt

ORGANIC ACT-The statute under which a particular governmental entity is organized. Generally, this term is used to describe an act that specifies the manner of organization and the powers of a single agency, authority, or district named in the act, rather than the type of statute under which, for example, any city or county could cause to be created an agency of the type described in the statute. Compare, for example, the statute under which the California Housing Finance Agency is organized (Health and Safety Code Sections 50900 et seq.) with the statute under which a city or county may create a housing authority (Health and Safety Code Sections 34200 et seq.). Following is a partial list of organic statues by agency.