Additional Powers to Secure Bonds
Known as the Revenue Bond Law
The act spans §§ 54300 to 54700 (157 sections).
Added by Stats. 1949, Ch. 81.
The legislative body may provide limitations on:
(a) The purpose to which the proceeds of sale of any issue of bonds may be applied.
(b) The issuance of additional bonds for the same purpose and on the lien of additional bonds.
(c) The right of the local agency to restrict and regulate the use of the enterprise.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.