California Government Code

§ 53500

GOV § 53500Div. 2 · Title 5 · Part 1 · Ch. 3 · Art. 4

Statute text

As used in this article:

(a)“Local agency” means county, city, city and county, public district, or other public or municipal corporation.

(b)“General obligation bonds” means bonds, warrants, notes or other evidence of indebtedness of a local agency payable, both principal and interest, from the proceeds of ad valorem taxes or ad valorem assessments which may be levied without limitation as to rate or amount upon property in the local agency subject to taxation or assessment.

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Legislative history

Added by Stats. 1961, Ch. 1157.