California Public Utilities Code

§ 13101

PUC § 13101Div. 6 · Ch. 6.5 · Art. 4

Statute text

Whenever a district proposes to exercise the power to borrow money, or to refund indebtedness, pursuant to this chapter, the board shall adopt a preliminary resolution declaring its intention to authorize the issuance of bonds for such purpose, which resolution shall specify all of the following:

(1)The purpose for which the proposed bonds are to be issued.

(2)The maximum principal amount of the bonds proposed to be issued in the then current calendar year.

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Legislative history

Amended by Stats. 1962, 1st Ex. Sess., Ch. 6.