TITLE 5. LOCAL AGENCIES 50001-57607›DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES 53000-55821›PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES 53000-54999.7›CHAPTER 2.5. The Mello-Roos Community Facilities Act of 1982 53311-53368.3›ARTICLE 5. Bonds 53345-53365.7
§ 53345
California Government Code · 2020-11 edition · updated 2026-10-04 · California
Whenever the legislative body deems it necessary for the community facilities district to incur a bonded indebtedness, it shall, by resolution, set forth all of the following:
(a) A declaration of the necessity for the indebtedness.
(b) The purpose for which the proposed debt is to be incurred.
(c) The amount of the proposed debt. The legislative body may provide for a reduction in the amount of proposed debt in compliance with the provisions of Section 53313.9.
(d) The time and place for a hearing by the legislative body on the proposed debt authorization.
(Amended by Stats. 2007, Ch. 670, Sec. 99. Effective January 1, 2008.)
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