Whenever the bank deems that it will increase the salability or the price of the bonds to obtain, prior to or after sale, a legal opinion from private counsel as to the validity or tax-exempt nature of the bonds, the bank may obtain a legal opinion. Payment for legal services may be made out of the proceeds of the sale of the bonds.
Cal. Gov. Code § 63085
Revenue Bonds
Known as the Bergeson-Peace Infrastructure and Economic Development Bank Act
The act spans §§ 63000–63087 (36 sections).
Added by Stats. 1998, Ch. 4, Sec. 22
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.