California Government Code 53509.3 – Nothing in this article shall limit the authority of the legislative …
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Nothing in this article shall limit the authority of the legislative body to enter into any contract in connection with the issuance of the bonds which it is permitted by Section 5922 to enter into.
(Added by Stats. 1993, Ch. 841, Sec. 1. Effective January 1, 1994.)
Terms Used In California Government Code 53509.3
- Bonds: means bonds, notes, warrants, or other evidence of indebtedness payable, both principal and interest, from the proceeds of ad valorem taxes that may be levied without limitation as to rate or amount upon property subject to taxation by the legislative body. See California Government Code 53507
- Contract: A legal written agreement that becomes binding when signed.
- Legislative body: means the governing body of the issuer. See California Government Code 53507