California Government Code

§ 53583

GOV § 53583 Effective Jan 1, 2000Div. 2 · Title 5 · Part 1 · Ch. 3 · Art. 11

Statute text

(a)Any local agency may issue bonds pursuant to this article or any revenue bond law under which the local agency is otherwise authorized to issue bonds for the purpose of refunding any revenue bonds of the local agency or, if the local agency is a joint powers authority, any revenue bonds of a member local agency, upon authorization by resolution of that member of the joint powers authority.

(b)The proceedings of any local agency authorizing the issuance of any refunding bonds may provide all of the following for those bonds:

(1)The form of the bonds to be issued as serial bonds, term bonds, or installment bonds, or any combination thereof.

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Legislative history

Amended by Stats. 1999, Ch. 649, Sec. 5. Effective January 1, 2000.