California Water Code

§ 36063.5

WAT § 36063.5 Effective Sep 17, 1985Div. 13 · Part 6 · Ch. 2 · Art. 6

Statute text

(a)The following terms shall have the following meanings for purposes of this section:

(1)“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.

(2)“Bond” means any bonds, notes, or other evidences of indebtedness issued by a district, or certificates of participation in any lease, sale, or other obligations of a district. “New issue of bonds” means the original issuance of bonds by a district 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. 645, Sec. 2.5. Effective September 17, 1985.