Is Cal. Gov't Code § 92251 — Bonds and Notes still in force?

Statute · California Government Code

Cal. Gov't Code § 92251 — Bonds and Notes

Cal. Gov't Code § 92251

Type: Statute
Source: California Government Code
Jurisdiction: California
Date: 2007-01-01
Current through: Nov 2, 2026 (California Legislative Counsel)

(a) At times that the commission desires to issue bonds, as defined in Section 92252, it shall adopt a resolution specifying the total amount of bonds proposed to be issued.

Citator

Cal. Gov't Code § 92251 — Bonds and Notes is in force in the current edition of the Code, and nothing recorded condemns it.

(a) At times that the commission desires to issue bonds, as defined in Section 92252, it shall adopt a resolution specifying the total amount of bonds proposed to be issued.

(b) The maximum aggregate principal amount of bonds that may be issued under the authority of this title is one billion two hundred fifty million dollars ($1,250,000,000) plus the amount of any indebtedness authorized by Section 92270.

(c) The limitation in subdivision (b) does not apply to bonds or other evidence of indebtedness, including bond anticipation notes and commercial paper, issued to refund bonds, bond anticipation notes, or commercial paper.