California Government Code 53509.5 – After the sale of bonds issued under the authority of this article, …
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After the sale of bonds issued under the authority of this article, the legislative body shall do both of the following:
(a) Present actual cost information for the sale at its next scheduled public meeting.
Terms Used In California Government Code 53509.5
- 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
- Legislative body: means the governing body of the issuer. See California Government Code 53507
(b) Submit an itemized summary of the costs of the bond sale to the California Debt and Investment Advisory Commission.
(Added by Stats. 2009, Ch. 529, Sec. 3. (AB 1388) Effective January 1, 2010.)