California Government Code

§ 9117

GOV § 9117 Effective Oct 2, 1989Div. 2 · Title 2 · Part 1 · Ch. 1.5 · Art. 5.5

Statute text

As used in this article, the following terms have the following meanings:

(a)“Bonds” means bonds, notes, bond anticipation notes, and any other evidence of indebtedness, and also includes certificates of participation or lease-purchase agreements.

(b)“Lease financing” means the financial undertaking authorized by this article under which the lessee shall lease the project from the lessor and the rental payments to be paid by the lessee, and any other authorized or appropriated funds, shall be used to secure the repayment of the bonds and the proceeds of the bonds shall be applied to pay the costs of the project and related costs as authorized by this article.

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Legislative history

Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.