California · Government Code
GOV §50665.1: As used in this article: (a) “Local agency” means any county, city, or city and county, including a chartered city, or special district, including a school district.
Read the full statutory text
As used in this article: (a) “Local agency” means any county, city, or city and county, including a chartered city, or special district, including a school district. (b) “Legislative body” means the city council in the case of a city, and the board of supervisors in the case of a county. (c) “Revenues” means the funds received by a local agency from any source or combination of sources, which a local agency is not precluded by any other provision of law from using for the purposes of this article. “Revenues” include the proceeds of ad valorem taxes on real property levied by, or allocated to, the local agency, and the proceeds of sales and use taxes. (d) “Pledged revenue” means a specified annual dollar amount from a specified source or combination of sources of revenue, which the legislative body of a local agency, in a resolution providing for the issuance of limited obligation bonds, has designated and pledged as security for the bonds in accordance with Section 50665.7. (e) “Limited obligation bonds” are bonds issued by a local agency which are to be paid solely from pledged revenue. (f) “Initiating resolution” means a resolution by which a legislative body determines that public interest or necessity demands the issuance of bonds. (g) “Resolution” means a resolution by which a legislative body authorizes the issuance, sale, and delivery of bonds.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.