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
§ 53362.7
California Government Code · 2020-11 edition · updated 2026-10-04 · California
The total authorized amount of the bonded indebtedness of a district or an improvement area therein, as approved by the qualified voter thereof, shall not be reduced by the principal amount of any refunding bonds issued to refund any or all outstanding bonds of the district or improvement area. This section does not constitute a change in, but is declaratory of, the existing law.
(Added by Stats. 1987, Ch. 1440, Sec. 14.)
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