TITLE 1. GENERAL 100-7931.000›DIVISION 7. MISCELLANEOUS 6000-7599.200›CHAPTER 5.5. Local Agency Self-Insurance Authority 6599.01-6599.41›ARTICLE 1. Organization and Powers 6599.01-6599.10
§ 6599.03
California Government Code · 2026-09 edition · updated 2026-10-03 · California
In addition to the powers specified in Chapter 5 (commencing with Section 6500), the authority may issue revenue bonds or certificates of participation, or both, to establish capital, surplus, and prudent reserves, and may secure payment of the bonds and interest by pledging all or part of its revenues from the receipt of premiums.
(Added by Stats. 1986, Ch. 1327, Sec. 1.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code