California Revenue and Taxation Code

§ 8516

RTC § 8516 Effective Jan 1, 1998Div. 2 · Part 2 · Ch. 12

Statute text

(a)A resolution authorizing the issuance of bonds shall state all of the following:

(1)The purposes for which the proposed debt is to be incurred, which may include all costs and estimated costs incidental to, or connected with, the accomplishment of those purposes, including, without limitation, engineering, inspection, legal, fiscal agent, financial consultant and other fees, bond and other reserve funds, working capital, bond interest estimated to accrue during the construction period and for a period not to exceed three years thereafter, and expenses of all proceedings for the authorization, issuance, and sale of the bonds.

(2)The estimated cost of accomplishing those purposes.

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Legislative history

Added by Stats. 1997, Ch. 878, Sec. 1. Effective January 1, 1998.