Resolution of Intention
Known as the Special Assessment and Bond Refunding Law
The act spans §§ 59100–59674 (167 sections).
Added by Stats. 1951, Ch. 331.
The resolution shall state:
(a) That it is proposed to issue bonds of the new district.
(b) The maximum amount for which and the character of the proposed new bonds.
(c) The maximum term of the bonds.
(d) The maximum rate of interest to be paid on them, not to exceed 7 percent a year.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.