By resolution of its legislative body to take effect upon adoption, a local agency may submit to its qualified voters, at an election held for that purpose, the proposition of issuing bonds pursuant to this chapter to provide funds for the acquisition, construction, improving or financing of an enterprise, including any or all expenses incidental thereto or connected therewith or any combination of two or more of such purposes.
Cal. Gov. Code § 54380
Authorization of Bonds
Known as the Revenue Bond Law
The act spans §§ 54300–54700 (157 sections).
Applied in 1 court decision — leading case 269 Cal. App. 2d 567 - City of Los Angeles v. Layton (1969)
Most recently applied in 269 Cal. App. 2d 567 - City of Los Angeles v. Layton (February 1969)
Amended by Stats. 1949, Ch. 1492.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.