DIVISION 5. Public Banks 57600-57607›CHAPTER 4. District Indebtedness 58950›ARTICLE 16. Acquisition and Cancellation of Bonds of Nonconsenting Bondholders 59590-59598
§ 59591
California Government Code · 2026-09 edition · updated 2026-09-27 · California
Any local agency authorized by this chapter to appropriate money to aid in refunding the original bonds of the district may make an advancement, contribution, or an additional contribution to provide money to pay or retire bonds of the nonconsenting holders.
(Added by Stats. 1951, Ch. 331.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code