Cal. Health & Saf. Code § 54016

Current through the 2023 Legislative Session.
Section 54016 - Determination to issue bonds

Upon request of the board stating that funds are needed for purposes of this part, the committee shall determine whether or not it is necessary or desirable to issue bonds, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and are not required to be sold at any one time. Bonds may bear interest subject to federal income tax.

Ca. Health and Saf. Code § 54016

Added by Stats 2017 ch 365 (SB 3),s 3, eff. 11/7/2018 (approved by the voters at the 11/6/2018 election).