California Food and Agricultural Code - Division 3: Expositions and Fairs - Part 2: California Exposition and State Fair (secs. 3301 - 3361)

1 FOOD AND AGRICULTURAL CODE - FAC DIVISION 3. EXPOSITIONS AND FAIRS [3001 - 4703] ( Division 3 enacted by Stats. 1967, Ch. 15. ) PART 2. CALIFORNIA EXPOSITION AND STATE FAIR [3301 - 3361] ( Part 2 repealed and added by Stats. 1980, Ch. 1148. ) CHAPTER 1. General Provisions [3301 - 3307] ( Chapter 1 added by Stats. 1980, Ch. 1148. ) 3301. It is the intent of the Legislature to vitalize the California Exposition and State Fair by creating a new entity in state government managed by a board of directors with sufficient autonomy for efficient operation balanced by appropriate state oversight. The board of directors shall develop a policy which provides managerial and fiscal responsibility and shall work towards a goal of fiscal independence from state General Fund support. The board of directors shall develop a policy which provides for an innovative program including the concept of an agriculturally themed exposition which would communicate the issues surrounding the production and marketing of food, fiber, and plant material to the general public and such other concepts as are feasible. (Repealed and added by Stats. 1980, Ch. 1148.) 3302. No changes shall be made in the uses of the flood plain on California Exposition and State Fair property until the board has adopted a management plan for the flood plain area which complies with the law concerning Bushy Lake Preservation in Chapter 9 (commencing with Section 5830) of Division 5 of the Public Resources Code and with the California Environmental Quality Act (Division 13 (commencing with Section 21000) of the Public Resources Code). (Amended by Stats. 1981, Ch. 1119, Sec. 1.) 3303. As used in this part, “board” or “board of directors” means the Board of Directors of the California Exposition and State Fair. (Repealed and added by Stats. 1980, Ch. 1148.) 3304. All records, information, equipment, and real and personal property held by the Department of Parks and Recreation relating to the former California Exposition and State Fair administered and managed by the Department of Parks and Recreation shall be transferred to the California Exposition and State Fair created by Section 3311. (Added by Stats. 1980, Ch. 1148.) javascript:submitCodesValues('3301.','4.2.1','1980','1148','',%20'id 37ab04fb-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3302.','4.2.1','1981','1119','1',%20'id 37ab04fd-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3303.','4.2.1','1980','1148','',%20'id 37af98df-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3304.','4.2.1','1980','1148','',%20'id 37af98e1-291f-11d9-9fa8-93d6a7ed919f') 2 3305. All civil service employees of the Division of Exposition and State Fair of the Department of Parks and Recreation shall retain all of their positions, status, rights, privileges, and benefits. The California Exposition and State Fair shall not be required to retain any unnecessary officer or employee. The Department of Parks and Recreation shall endeavor to transfer as many of the affected employees as possible to other positions within the Department of Parks and Recreation. The California Exposition and State Fair created by Section 3311 shall endeavor to employ as many of the affected employees as possible. (Repealed and added by Stats. 1980, Ch. 1148.) 3306. The California Exposition and State Fair created by Section 3311 shall assume all of the obligation for any revenue bonds issued pursuant to Chapter 1072 of the Statutes of 1957. Nothing in this part shall impair any of the rights given the holders of bonds sold by the State Public Works Board pursuant to the State Building Construction Act of 1955 (Part 10b (commencing with Section 15800) of Division 3 of Title 2 of the Government Code). (Repealed and added by Stats. 1980, Ch. 1148.) 3307. (a) All activities conducted at the California Exposition and State Fair are subject to the noise control ordinance, Chapter 66 (commencing with Section 66.101) of the Sacramento City Code, adopted by the City of Sacramento and in effect on December 1, 1983. Amendments to the ordinance made after December 1, 1983, are not applicable to the California Exposition and State Fair. (b) The California Exposition and State Fair may obtain a variance from the noise ordinance pursuant to the provisions in the ordinance relating to a variance. (Added by Stats. 1984, Ch. 878, Sec. 1.) CHAPTER 2. Organization [3311 - 3317] ( Chapter 2 added by Stats. 1980, Ch. 1148. ) 3311. The California Exposition and State Fair is hereby created as a separate independent entity in state government. The California Exposition and State Fair shall be governed by its board of directors. (Amended by Stats. 1997, Ch. 694, Sec. 1.6. Effective January 1, 1998.) javascript:submitCodesValues('3305.','4.2.1','1980','1148','',%20'id 37af98e3-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3306.','4.2.1','1980','1148','',%20'id 37af98e5-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3307.','4.2.1','1984','878','1',%20'id 37b11f87-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3311.','4.2.2','1997','694','1.6',%20'id 37b11f8b-291f-11d9-9fa8-93d6a7ed919f') 3 3312. (a) The governing body of the California Exposition and State Fair shall be an 11 member board of directors. The directors shall be residents of California and shall be appointed as follows: (1) Nine directors shall be appointed by the Governor with the consent of the Senate. The directors appointed by the Governor shall have general knowledge of, interest in, and expertise in one or more of the following areas: fair management, city or county government, horseracing, the arts, exhibiting, the media, education, youth, commerce and commercial products of the state, industry and industrial products of the state, agricultural production and forest industries, the entertainment industry, livestock and poultry, sports, recreation, fisheries, oceanography, organized labor, and finance and banking. (A) Five of the directors appointed by the Governor shall be knowledgeable in the production, processing, or marketing of agricultural products and may be appointed from lists of nominees submitted for consideration to the Governor from California agricultural organizations, district agricultural associations, and county and citrus fruit fairs. (B) One of the directors appointed by the Governor shall be a public member. (C) Three of the directors appointed by the Governor shall be representative, to the extent possible, of areas of knowledge, interest, and expertise enumerated in this paragraph. (2) One director shall be appointed by the Speaker of the Assembly and one director shall be appointed by the Senate Committee on Rules. These persons shall be representative, to the extent possible, of areas of knowledge, interest, and expertise enumerated in paragraph (1). (b) Except for directors appointed by the Speaker of the Assembly, the directors shall be appointed for four-year terms. The appointing authority shall appoint directors to fill vacancies which occur during a term, and except for directors appointed by the Speaker of the Assembly, the appointments shall be for the remainder of the unexpired term. Of the four vacancies that will occur on December 31, 1986, two of the vacancies shall be filled by persons appointed pursuant to paragraph (2) of subdivision (a). (Amended by Stats. 2018, Ch. 43, Sec. 2. (AB 1831) Effective June 27, 2018.) 3313. The board may annually select a chairperson from among the directors. (Added by Stats. 1980, Ch. 1148.) 3314. The directors shall serve without compensation, but shall be reimbursed for all necessary expenses actually incurred in the performance of their duties. (Added by Stats. 1980, Ch. 1148.) javascript:submitCodesValues('3312.','4.2.2','2018','43','2',%20'id 985ed738-8088-11e8-a7ff-399af1c0600f') javascript:submitCodesValues('3313.','4.2.2','1980','1148','',%20'id 37b11f8f-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3314.','4.2.2','1980','1148','',%20'id 37b11f91-291f-11d9-9fa8-93d6a7ed919f') 4 3315. Any director who misses three consecutive regular meetings of the board without permission of the board shall be deemed to have resigned from the board. A director may be removed for cause by the Governor, upon recommendation of the board. (Added by Stats. 1980, Ch. 1148.) 3316. The board may appoint advisory committees. Advisory committees may provide information and advice to the board with respect to the operations and management of the California Exposition and State Fair or such other matters as the board deems appropriate. The California State Fair Advisory Commission is hereby abolished. Nothing in this part shall, however, prevent the members of the former commission from being appointed to the board or advisory committees. (Added by Stats. 1980, Ch. 1148.) 3317. The two Members of the Legislature who represent the Assembly and Senate district in which the California Exposition and State Fair facilities are located and the chairperson and vice chairperson of the Joint Committee on Fairs Allocation and Classification shall meet with and, except as otherwise provided by the Constitution, advise the board to the extent that such advisory participation is not incompatible with their duties as Members of the Legislature. (Amended by Stats. 2006, Ch. 825, Sec. 1. Effective September 30, 2006.) CHAPTER 3. Administration [3321 - 3322] ( Chapter 3 added by Stats. 1980, Ch. 1148. ) 3321. The board shall appoint, pursuant to Section 4 of Article VII of the California Constitution, a general manager of the California Exposition and State Fair who shall serve at the pleasure of the board. The term of office and duties of the general manager shall be determined by the board. (Repealed and added by Stats. 1980, Ch. 1148.) 3322. (a) The following officers of the California Exposition and State Fair shall be appointed by the Governor, pursuant to Section 4 of Article VII of the California Constitution, upon recommendation of the board: javascript:submitCodesValues('3315.','4.2.2','1980','1148','',%20'id 37b2a633-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3316.','4.2.2','1980','1148','',%20'id 37b2a635-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3317.','4.2.2','2006','825','1',%20'id 64e5c11a-5da4-11db-a99e-baf6cf8fd893') javascript:submitCodesValues('3321.','4.2.3','1980','1148','',%20'id 37b2a63b-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3322.','4.2.3','2006','825','2',%20'id 6534a46c-5da4-11db-a99e-baf6cf8fd893') 5 (1) Deputy general manager. (2) Program manager. (3) Marketing manager. (b) The state officers appointed pursuant to subdivision (a) shall serve at the pleasure of the board, under the direction of the general manager. (Amended by Stats. 2006, Ch. 825, Sec. 2. Effective September 30, 2006.) CHAPTER 4. Powers and Duties [3331 - 3334] ( Chapter 4 added by Stats. 1980, Ch. 1148. ) 3331. The board shall serve as the policymaking body for the California Exposition and State Fair and shall have full responsibility for the year-round management and operation of all facilities of the California Exposition and State Fair. The board shall provide for an annual fair in one or more seasonal divisions in Sacramento County of the industries and industrial products of the state and commercial products exported and imported through the ports of the state. The fair shall be designated the California State Fair. (Added by Stats. 1980, Ch. 1148.) 3332. The board may do any of the following: (a) Contract. (b) Accept funds or gifts of value from the United States or any person to aid in carrying out the purposes of this part. (c) Conduct or contract for programs, either independently or in cooperation with any individual, public or private organization, or federal, state, or local governmental agency. (d) Establish and maintain a bank checking account or a savings and loan association account, approved by the Director of Finance in accordance with Sections 16506 and 16605 of the Government Code, for depositing funds received by the California Exposition and State Fair. Notwithstanding Section 13340 of the Government Code, all funds maintained in an account authorized by this subdivision are continuously appropriated to the board, without regard to fiscal year, to carry out this part. (e) Establish a program for paying vendors who contract with the California Exposition and State Fair. (f) Make or adopt all necessary orders, rules, or regulations for governing the activities of the California Exposition and State Fair. Notwithstanding Section 14, any orders, rules, or regulations adopted by the board are exempt from Chapter 3.5 (commencing with Section 11340) of Part 1 of Division 3 of Title 2 of the Government Code. For informational purposes only, however, any order, rule, or regulation adopted by the board may be transmitted to the Office of Administrative Law for filing with the Secretary of State pursuant to Section 11343 of the Government Code. javascript:submitCodesValues('3331.','4.2.4','1980','1148','',%20'id 37b42ce1-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3332.','4.2.4','2006','825','3',%20'id 658ab3ae-5da4-11db-a99e-baf6cf8fd893') 6 (g) Delegate to the officers and employees of the California Exposition and State Fair the authority to appoint civil service personnel according to state civil service procedures. The board may also delegate to officers and employees of the California Exposition and State Fair the independent authority to appoint marshals and police as authorized by subdivision (j). (h) Operate a payroll system for paying employees, and a system for accounting for vacation and sick leave credits of employees. (i) Delegate to the officers and employees of the California Exposition and State Fair the exercise of powers vested in the board as the board may deem desirable for the orderly management and operation of the California Exposition and State Fair. (j) Appoint all necessary marshals and police to keep order and preserve peace at the California Exposition and State Fair premises on a year-round basis who shall have the powers of peace officers specified in Section 830.2 of the Penal Code. A peace officer of the Department of the California Highway Patrol may be employed as a peace officer while off duty from his or her regular employment, subject to those conditions as may be set forth by the Commissioner of the Department of the California Highway Patrol. At least 75 percent of the persons appointed pursuant to this subdivision shall possess the basic certificate issued by the Commission on Peace Officers Standards and Training. The remaining 25 percent may be appointed if the person has completed a Peace Officer Standards and Training-certified academy, or possesses a Level One Reserve Certificate (as defined in Section 832.6 of the Penal Code). Of this 25 percent, any portion may be comprised of probation officers certified under Section 832. Nothing in this subdivision shall be construed to give probation officers appointed pursuant to this subdivision peace officer powers pursuant to Section 830.2 of the Penal Code. (k) With the approval of the Department of General Services, purchase, acquire, or hold real or personal property, and beautify or improve that property. Any acquisition of land or other real property is subject to the approval of the Department of General Services, and in the case of the purchase of real property, is subject to the Property Acquisition Law (Part 11 (commencing with Section 15850) of Division 3 of Title 2 of the Government Code). (l) With the approval of the Department of General Services, make permanent improvements upon publicly owned real property adjacent to, or near the vicinity of, the real property of the California Exposition and State Fair when the improvements materially benefit the property of the California Exposition and State Fair. (m) Lease, with the approval of the Department of General Services, any of its property for any purpose for any period of time. (n) Use or manage any of its property, with the approval of the Department of General Services, jointly or in connection with any lessee or sublessee, for any purpose approved by the board. (o) With the approval of the Department of General Services, pledge any and all revenues, moneys, accounts, accounts receivable, contract rights, and other rights to payment of whatever kind, pursuant to such terms and conditions as are approved by the board. Any issuance of bonds, contracts entered into, debts incurred, settlements, judgments, or liens under this section or pursuant to Chapter 5 (commencing with Section 6500) of Division 7 of Title 1 of the Government Code, 7 shall not directly, indirectly, or contingently obligate the state or any political subdivision thereof to levy or to pledge any form of taxation therefor or to make any appropriation for their payment. Any such bond shall contain on the face thereof a statement to the following effect: “Neither the full faith and credit nor the taxing power of the State of California is pledged to the payment of the principal of, or interest on this bond.” (Amended by Stats. 2006, Ch. 825, Sec. 3. Effective September 30, 2006.) 3332.1. Notwithstanding any other provision of law and in accordance with procedures established by the board, the board may enter into agreements to secure donations, memberships, and corporate and individual sponsorships, and may enter into marketing and licensing agreements for the receipt of money, or services or products in lieu of money, and may employ an entity or individual, or create and participate in an entity, or enter into an agreement with an entity or person to develop, solicit, sell, and service these agreements. The compensation for the entity or person shall be established by the board. (Amended by Stats. 2001, Ch. 423, Sec. 2. Effective January 1, 2002.) 3332.5. If the board at any time sends out a request for proposal that could result in an agreement between the board and another party on any matter for a term in excess of 20 years, a copy of that request for proposal shall be sent to the Assembly Committee on Rules and the Senate Committee on Rules at the time at which the request is sent to prospective bidders. (Added by Stats. 1986, Ch. 8, Sec. 1.5. Effective February 25, 1986.) 3332.6. The California Exposition and State Fair may enter into a joint powers agreement with a joint powers authority created pursuant to Chapter 5 (commencing with Section 6500) of Division 7 of Title 1 of the Government Code for the purpose of planning, designing, and constructing real property improvements, including new construction, alteration, extension, betterment, and repair, and the purchase of fixed and movable equipment. The planning, designing, and constructing of these improvements shall be undertaken in accordance only with those restrictions applicable to the joint powers authority. (Added by Stats. 1994, Ch. 695, Sec. 1. Effective January 1, 1995.) javascript:submitCodesValues('3332.1.','4.2.4','2001','423','2',%20'id 37b42ce5-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3332.5.','4.2.4','1986','8','1.5',%20'id 37b5b387-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3332.6.','4.2.4','1994','695','1',%20'id 37b5b389-291f-11d9-9fa8-93d6a7ed919f') 8 3333. The board shall submit a report to the Legislature and Governor on or before May 31st of each year with respect to the financial condition, present operations, and future planned activities of the California Exposition and State Fair. (Amended by Stats. 2006, Ch. 825, Sec. 4. Effective September 30, 2006.) 3334. All records of the California Exposition and State Fair for entries in any of its events are public records, except entries in events which are scheduled for future judging or overnight entries in races on which there is parimutuel wagering prior to such events, judging, or races. (Added by Stats. 1980, Ch. 1148.) CHAPTER 5. State Fair Leasing Authority [3351 - 3361] ( Chapter 5 added by Stats. 2007, Ch. 293, Sec. 1. ) 3351. (a) There is hereby created the State Fair Leasing Authority, a joint powers authority formed pursuant to Chapter 5 (commencing with Section 6500) of Division 7 of Title 1 of the Government Code, which shall be composed of the Department of Food and Agriculture, the Department of Finance, the Department of General Services, and the California Exposition and State Fair. (b) For the purposes of Section 6502 of the Government Code, the common powers to be exercised by the State Fair Leasing Authority shall be the powers of a district agricultural association. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3352. (a) The authority shall be governed by a board of directors, which shall be composed of the Secretary of Food and Agriculture, the Director of Finance, the Director of General Services, and four individuals, appointed as provided in paragraph (1), who are members of the Board of Directors of the California Exposition and State Fair. The Treasurer and Controller shall be members of the board of the authority only for the purposes of hearing and deciding upon matters related to the issuance of revenue bonds pursuant to this chapter. The Director of Finance shall serve as chairperson of the authority. All meetings of the authority shall be open and public. (1) Of the four appointed members of the Board of Directors of the California Exposition and State Fair, one shall be appointed by the Speaker of the Assembly, one shall be appointed by the Senate Committee on Rules, and two shall be appointed by the Governor. javascript:submitCodesValues('3333.','4.2.4','2006','825','4',%20'id 65d921d0-5da4-11db-a99e-baf6cf8fd893') javascript:submitCodesValues('3334.','4.2.4','1980','1148','',%20'id 37b5b38d-291f-11d9-9fa8-93d6a7ed919f') javascript:submitCodesValues('3351.','4.2.5','2007','293','1',%20'id 889e9742-a26a-11dc-acb5-9a6c6381fe29') javascript:submitCodesValues('3352.','4.2.5','2008','179','78',%20'id 9c110892-c786-11dd-898a-f4578c730531') 9 (2) The authority may contract with consultants as approved by the board of the authority. The authority shall not employ any other staff. (3) The general manager of the California Exposition and State Fair may serve only in an advisory capacity to the authority. (b) The authority is a “department” for the purposes of hearings pursuant to Article 2 (commencing with Section 11180) of Chapter 2 of Part 1 of Division 3 of Title 2 of the Government Code. (Amended by Stats. 2008, Ch. 179, Sec. 78. Effective January 1, 2009.) 3353. (a) The California Exposition and State Fair shall provide clerical services and the use of its staff without charge to the authority. The Department of Finance, the Department of Food and Agriculture, the Department of General Services, and the California Horse Racing Board shall cooperate with the authority, and, upon request of the chairperson of the authority, shall provide the authority with the reasonable and periodic use of their staffs. (b) The Attorney General shall serve as counsel for, and adviser to, the authority, and shall approve outside counsel to the authority in furtherance of the provisions of this chapter, as requested by the chairperson of the authority. (c) The costs, if any, for services to the authority specified in subdivisions (a) and (b) shall be paid for by the authority, with funds generated pursuant to this chapter. Any costs in excess of the funds available to the authority shall be paid by the California Exposition and State Fair. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3354. The authority may enter into leases or other agreements for the use of the State Fair Race Track or any other property owned or controlled by the California Exposition and State Fair which are necessary to further the purposes of Section 3331 or to provide horse racing at the State Fair Race Track. A lease or agreement entered into pursuant to this section shall be on behalf of the California Exposition and State Fair, and the State Fair shall continue in control of its property, subject to the conditions and terms of that lease or agreement. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3355. The California Exposition and State Fair, in consultation with the authority, shall prepare a master plan approved by the board of directors of the fair for the long range comprehensive development and improvement of, and construction upon, the property of the California Exposition and State Fair. The plan shall prescribe the amounts which may be expended for the various features of the plan, the period authorized for the completion of each project, and the terms of any revenue bond financing undertaken with respect to the plan. The plan shall require that any javascript:submitCodesValues('3353.','4.2.5','2007','293','1',%20'id 896ae7f6-a26a-11dc-acb5-9a6c6381fe29') javascript:submitCodesValues('3354.','4.2.5','2007','293','1',%20'id 89d06088-a26a-11dc-acb5-9a6c6381fe29') javascript:submitCodesValues('3355.','4.2.5','2007','293','1',%20'id 8a322f9a-a26a-11dc-acb5-9a6c6381fe29') 10 revenue bond financing shall be rated in one of the four highest rating categories by two nationally recognized rating agencies. Upon its completion, the master plan shall be submitted to the Joint Legislative Budget Committee for review. The master plan is subject to amendment by the authority, with the approval of the Board of Directors of the California State Fair. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3356. The California Horse Racing Board, at the request of the authority, shall certify the eligibility of any prospective lessee or user of the property to be licensed to conduct horse racing at the State Fair Race Track. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3357. (a) In leasing, or entering into agreements for the use of, the State Fair Race Track or other property owned or controlled by the California Exposition and State Fair, the authority shall follow the same procedures, as appropriate, as the Department of General Services follows in leasing or entering into similar agreements for other state real property. The authority shall also consult with, and present for comment the lease or agreement to, the governing bodies of the City and County of Sacramento prior to awarding the lease or entering into the agreement. (b) Prior to awarding a lease of, or entering into an agreement for the use of, the State Fair Race Track or other property owned or controlled by the California Exposition and State Fair, the authority shall consider all the factors concerning appropriate capital improvements of the race track, the financing of the race track, additional racing opportunities, and the use of new or additional properties or facilities, including, but not limited to, a grandstand or grandstand improvements, which factors shall be considered in the award of the lease or entering into the agreement. The authority shall also consult with, and present for comment the lease or agreement to, the governing bodies of the City and County of Sacramento prior to awarding the lease or entering into the agreement. (Amended by Stats. 2008, Ch. 179, Sec. 79. Effective January 1, 2009.) 3358. If the authority makes a determination pursuant to this chapter about an action it proposes to take in awarding the State Fair Race Track lease or entering into the agreement, it shall report to the Legislature, setting forth the procedures followed by the authority in reaching its determination and the reasons the proposed award or agreement is in the best interests of the state. The authority shall also make recommendations regarding any additional legislation which it deems necessary. However, no legislative action is required to make a lease or agreement entered into by the authority effective and operative. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) javascript:submitCodesValues('3356.','4.2.5','2007','293','1',%20'id 8a9473dc-a26a-11dc-acb5-9a6c6381fe29') javascript:submitCodesValues('3357.','4.2.5','2008','179','79',%20'id 9ca8b4b4-c786-11dd-898a-f4578c730531') javascript:submitCodesValues('3358.','4.2.5','2007','293','1',%20'id 8b54b6a0-a26a-11dc-acb5-9a6c6381fe29') 11 3359. After the award of a lease or upon entering into an agreement for the use of State Fair property, the authority shall meet periodically to review the operation of the lease or agreement, and the master plan, and to consider any other related matters. It shall also make any recommendations that it deems proper to the Legislature, other state agencies, including, but not limited to, the California Exposition and State Fair, and to the lessee or user of the property. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3360. (a) The authority, in the exercise of its powers, may pledge any and all revenues, moneys, accounts, accounts receivable, contract rights, and other rights to payment of any kind, pursuant to the terms and conditions approved by the authority. The revenues, moneys, accounts, accounts receivable, contract rights, and other rights to payment pledged by the authority or its assignees constitute a lien and security interest which immediately attaches to the property so pledged, and is effective, binding, and enforceable against the authority, its successors, purchasers of the property so pledged, creditors, and all others asserting rights therein, to the extent set forth, and in accordance with, the terms and conditions of the pledge, irrespective of whether those persons have notice of the pledge and without the need for any physical delivery, recordation, filing, or further act. (b) The California Exposition and State Fair shall be responsible for any debt incurred pursuant to this chapter, and the capital of the California Exposition and State Fair shall be used to guarantee any indebtedness. (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.) 3361. The State of California pledges to, and agrees with, the holders of any bonds, other indebtedness, or obligations for the financing of the improvements described in the master plan pursuant to Section 3355, and which are issued or executed and delivered by the authority, or the California Exposition and State Fair, that the state will not alter or change the structure of funding of, and deposits to, the authority or to the California Exposition and State Fair pursuant to the provisions of Article 9.2 (commencing with Section 19605) of Chapter 4 of Division 8 of the Business and Professions Code, or the pledge of funds for debt service, security, including any coverage factors, and expenses entered into pursuant to this chapter until the bonds, other indebtedness, or obligations are fully paid or discharged or have been fully provided for in accordance with their terms. However, nothing precludes any alteration or change if and when adequate provision has been made by law for the protection from impairment of the contract represented by the bonds, other indebtedness, or obligations, and the right to alter or change is hereby reserved. The authority, and the California Exposition and State Fair, are each authorized to include this pledge and undertaking of the state in their bonds, agreements evidencing other indebtedness, and other indebtedness or obligations for the javascript:submitCodesValues('3359.','4.2.5','2007','293','1',%20'id 8bb85a72-a26a-11dc-acb5-9a6c6381fe29') javascript:submitCodesValues('3360.','4.2.5','2007','293','1',%20'id 8c1a0274-a26a-11dc-acb5-9a6c6381fe29') javascript:submitCodesValues('3361.','4.2.5','2007','293','1',%20'id 8c823a26-a26a-11dc-acb5-9a6c6381fe29') 12 financing of the improvements described in the master plan pursuant to Section 3355. The authority shall notify the Joint Legislative Budget Committee at least 90 days prior to authorizing the sale of revenue bonds pursuant to this chapter. The notice shall specify all the terms and conditions of the revenue bonds, including, but not limited to, the total amount of the bonds, the revenue source, and the repayment period. Any bond so issued shall contain on its face a statement to the following effect: “Neither the full faith and credit nor the taxing power of the State of California is pledged to the payment of the principal of, or interest on, this bond.” (Added by Stats. 2007, Ch. 293, Sec. 1. Effective January 1, 2008.)