As a separate and cumulative method of financing, the board of directors of the district may issue funding bonds to cover the costs and expenses of the whole or any part of any acquisitions of property and improvements undertaken by the district.
Cal. Sts. & High. Code § 25430
Funding Bonds
Known as the Joint Highway District Act
The act spans §§ 25000–25521 (135 sections).
Added by Stats. 1943, Ch. 284.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.