The authority board may, by majority vote, initiate proceedings to issue general obligation bonds pursuant to this chapter by adopting a resolution stating its intent to issue the bonds. The authority board shall not adopt a resolution to initiate proceedings until after the executive board has adopted a resolution in support of the issuance of the general obligation bonds.
Cal. Gov. Code § 64630
Bonds
Known as the San Francisco Bay Area Regional Housing Finance Act
The act spans §§ 64500–64652 (40 sections).
Added by Stats. 2019, Ch. 598, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.