Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 5 - LOCAL AGENCIESDivision 2 - CITIES, COUNTIES, AND OTHER AGENCIESPart 1 - POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIESChapter 2.5 - THE MELLO-ROOS COMMUNITY FACILITIES ACT OF
Article 5 - BONDS
Section 53362.7 - total authorized amount of bonded indebtedness not reduced by refunding bonds issued

Cal. Gov. Code § 53362.7

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Current through the 2023 Legislative Session.
Section 53362.7 - total authorized amount of bonded indebtedness not reduced by refunding bonds issued

The total authorized amount of the bonded indebtedness of a district or an improvement area therein, as approved by the qualified voter thereof, shall not be reduced by the principal amount of any refunding bonds issued to refund any or all outstanding bonds of the district or improvement area. This section does not constitute a change in, but is declaratory of, the existing law.

Ca. Gov. Code § 53362.7

Added by Stats. 1987, Ch. 1440, Sec. 14.