GENERAL PROVISIONS›CHAPTER 1.8. Federal Grants for Acquisition and Development Projects 5098-5098.3›ARTICLE 6. Municipal Park Improvement District Bonds 5350-5370

§ 5363

California Public Resources Code · 2026-09 edition · updated 2026-09-27 · California

The legislative body may issue and sell the bonds at not less than par value, and the proceeds of the sale of the bonds shall be placed in the treasury of the municipality to the credit of the proper district funds and shall be applied exclusively to the purposes and objects mentioned in the ordinance or resolution ordering the holding of the bond election and to the incidental expense in connection therewith.

(Added by Stats. 1955, Ch. 1796.)

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California Public Resources Code

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