California Government Code

§ 91537

GOV § 91537Title 10 · Ch. 1 · Art. 2

Statute text

The issuance of bonds shall be authorized by resolution of the board adopted at any time following the determinations provided for in subdivision (j) of Section 91527 or Section 91530. The resolution may, as the board deems advisable and in accordance with the provisions of this article, provide for, or authorize the execution of a loan agreement, the repayment obligation of which is evidenced by the bonds, providing for, or authorize the execution of an indenture providing for:

(a)The fixing and collection of revenues;

(b)The creation and maintenance of special funds, including reserve and sinking funds;

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Legislative history

Amended by Stats. 1982, Ch. 1605, Sec. 14.