California Government Code

§ 53541

GOV § 53541Div. 2 · Title 5 · Part 1 · Ch. 3 · Art. 8

Statute text

Any provision of law requiring an election to the contrary notwithstanding, the legislative body without a vote of the electors may issue bonds of the local agency, zone or improvement district if all the following occur:

(a)The principal amount of such bonds does not exceed the then unissued balance of the principal amount of bonds of the same type authorized at an election heretofore held in the local agency, or in such zone or improvement district.

(b)The bonds are issued for the same purpose as that for which the unissued bonds were authorized.

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Legislative history

Amended (as amended by Stats. 1985, Ch. 579, Sec. 6) by Stats. 1987, Ch. 943, Sec. 8.