California Health and Safety Code

§ 33630

HSC § 33630Div. 24 · Part 1 · Ch. 6 · Art. 4

Statute text

The community may issue and sell its general obligation bonds for any or all of the following purposes: raising money to be deposited in the redevelopment revolving fund, or providing funds with which to redeem before maturity, retire at maturity, or purchase agency bonds issued under Article 5 (commencing with Section 33640) of this chapter. General obligation bonds issued pursuant to this article may be authorized and issued in a principal amount sufficient to provide funds for the payment of any or all of the following:

(a)The estimated amount of money to be raised to be deposited in the redevelopment revolving fund.

(b)The principal amount of agency bonds proposed to be so redeemed, retired or purchased.

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Legislative history

Amended by Stats. 1967, Ch. 1079.