Whenever a district board determines that it is necessary to incur a general obligation bonded indebtedness for the acquisition or construction of any real property or other capital expense or for funding or refunding of any outstanding indebtedness, the district board shall adopt a resolution making determinations and calling an election on a proposition to incur indebtedness and to issue general obligation bonds.
Cal. Health & Safety Code § 13925
General Obligation Bonds
Known as the Fire Protection District Law
The act spans §§ 13800–13970 (136 sections).
Repealed and added by Stats. 1987, Ch. 1013, Sec. 11.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.