California Government Code

§ 55805

GOV § 55805 Effective Sep 9, 1991Div. 2 · Title 5 · Part 3 · Ch. 1

Statute text

(a)A resolution providing for the issuance of bonds pursuant to this chapter shall state all of the following:

(1)The purposes for which the proposed debt is to be incurred, which may include all costs and estimated costs incidental to, or connected with, the accomplishment of those purposes, including without limitation, engineering, inspection, legal, fiscal agents, financial consultant and other fees, bond and other reserve funds, working capital, bond interest estimated to accrue during the construction period and for a period not to exceed three years thereafter, and expenses of all proceedings for the authorization, issuance, and sale of the bonds.

(2)The estimated costs of accomplishing those purposes.

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Legislative history

Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.