California Streets and Highways Code 33101.6 – Sections 33101 and 33101.5 shall not apply where the bonds are issued …
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Sections 33101 and 33101.5 shall not apply where the bonds are issued to finance a project which is to be leased to the city and where the principal of and interest on the bonds are to be payable from rentals paid by the city under such lease.
(Added by Stats. 1965, Ch. 965.)
Terms Used In California Streets and Highways Code 33101.6
- bonds: means revenue bonds issued pursuant to this part. See California Streets and Highways Code 33100
- City: includes "city and county" and "incorporated town. See California Streets and Highways Code 15
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC