California · Government Code
GOV §6547.3: In the event that an ordinance enacted pursuant to Section 6547 authorizing the entity to issue revenue bonds is subjected to a successful referendum election or is repealed or rescinded by a local ag
What this law says, in plain English
This statute addresses what happens when a local ordinance authorizing revenue bonds is overturned by referendum, repeal, or rescission.
Read the full statutory text
In the event that an ordinance enacted pursuant to Section 6547 authorizing the entity to issue revenue bonds is subjected to a successful referendum election or is repealed or rescinded by a local agency, no ordinance authorizing the entity to issue revenue bonds for the same purpose shall be passed by that local agency for a period of one year from the date of such referendum, repeal or rescission.
Verify at the official source: California legislative text
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