TITLE 1. GENERAL 100-7931.000›DIVISION 7. MISCELLANEOUS 6000-7599.200›CHAPTER 5. Joint Exercise of Powers 6500-6599.3›ARTICLE 4. Local Bond Pooling 6584-6599.3

§ 6589

California Government Code · 2026-09 edition · updated 2026-10-03 · California

An authority may enter into a bond purchase agreement with a local agency or agencies. The bond purchase agreement shall specify the maximum rate of interest, the cost of issuance, the amount of required reserve, and the procedure to be used in case of default. Notwithstanding any other provision of law, local agencies may sell their bonds to the authority on a negotiated basis without compliance with any public sale requirement included in the statutes under which the bonds are issued.

(Amended by Stats. 1987, Ch. 481, Sec. 4. Effective September 9, 1987.)

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California Government Code

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