The authority may, out of any funds available therefor, purchase its bonds. The authority may hold, pledge, cancel, or resell the bonds, subject to, and in accordance with, agreements with bondholders.
Cal. Gov. Code § 6594
Local Bond Pooling
Known as the Marks-Roos Local Bond Pooling Act
The act spans §§ 6584–6599 (35 sections).
Added by Stats. 1985, Ch. 868, Sec. 6
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.