Statute · California Government Code
Cal. Gov't Code § 25216.1 — Capital Financing
Cal. Gov't Code § 25216.1
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2009-01-01
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) Whenever the board determines that it is necessary for a county service area to incur a general obligation bond indebtedness for the acquisition or improvement of real property, the board may proceed pursuant to Chapter 6 (commencing with Section 29900) of Division 3.
Citator
Cal. Gov't Code § 25216.1 — Capital Financing is in force in the current edition of the Code, and nothing recorded condemns it.
(a) Whenever the board determines that it is necessary for a county service area to incur a general obligation bond indebtedness for the acquisition or improvement of real property, the board may proceed pursuant to Chapter 6 (commencing with Section 29900) of Division 3.
(b) The total amount of bonded indebtedness incurred pursuant to this section shall not at any time exceed 5 percent of the taxable property within the county service area as shown by the last equalized assessment roll.