California Government Code

§ 6547.5

GOV § 6547.5 Effective Sep 23, 1985Div. 7 · Title 1 · Ch. 5 · Art. 2

Statute text

A joint powers entity created pursuant to this chapter may issue revenue bonds pursuant to this article upon authorization by ordinance of only those individual parties to the joint powers agreement which contract to make payments to be applied to the payment of the revenue bonds, provided that the nonparticipating parties to the agreement incur no financial obligations under the issuance.

Legislative history

Added by Stats. 1985, Ch. 868, Sec. 3. Effective September 23, 1985.