California Government Code
§ 53585
GOV § 53585 Effective Sep 27, 1985Div. 2 · Title 5 · Part 1 · Ch. 3 · Art. 11
Statute text
View on leginfo.ca.govA local agency that issues refunding bonds may obtain insurance or other credit enhancement of the refunding bonds or of the escrow referred to in Section 53584 and may enter into any credit reimbursement agreement or other agreement with any person or entity. The agreement shall contain the terms of the credit reimbursement, interest rate, security, and any other terms the local agency deems necessary or appropriate.
Legislative history
Repealed and added by Stats. 1985, Ch. 1033, Sec. 16. Effective September 27, 1985.