As one of its first items of business the Authority shall formulate and adopt an Administrative Plan which shall specifically delineate the criteria and priorities which will be applied in the review and evaluation of applications for financing under the Act as well as the form and type of information to be supplied by applicants for such financing and any other applicable requirements. The Administrative Plan and any other rules and regulations adopted by the Authority shall be consistent with the provisions of the Act and with the applicable regulations adopted by the California Industrial Development Financing Commission.
SECTION HISTORY
Added by Ord. No. 156,954, Eff. 9-3-82.