Cal. Gov. Code § 55803

Current through the 2023 Legislative Session.

Section 55803 - Use of bonds

Limited tax bonds issued under this chapter may be used only for the following purposes:

(a) To finance the capital outlay expenditures to carry out the purposes of the retail transactions and use tax imposed by the authority.

(b) To pay costs incurred in the issuance of the limited tax bonds.

(c) To fund a reserve fund for the limited tax bonds.

Ca. Gov. Code § 55803

Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.