California Government Code

§ 53590

GOV § 53590 Effective Sep 27, 1985Div. 2 · Title 5 · Part 1 · Ch. 3 · Art. 12

Statute text

The following terms shall have the following meanings for purposes of this article:

(a)“Bond counsel” means any attorney or firm of attorneys that represents the issuer of a new issue of bonds with respect to the issuance of the bonds and that renders a written legal opinion to, or as counsel for, the issuer with respect to the validity of the bonds.

(b)“Bond” means any bonds, notes, or other evidences of indebtedness issued by any local agency or certificates of participation in any lease, sale, or other obligations of any local agency. “New issue of bonds” means the original issuance of bonds, including refunding bonds, by the issuer to one or more purchasers until, in the case of underwriters, the end of the underwriting period. In the case of bonds with a tender or put option feature, or commercial paper, “new issue of bonds” means only the original issuance and not any remarketing, rollover, or reissuance.

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Legislative history

Added by Stats. 1985, Ch. 1033, Sec. 21. Effective September 27, 1985.