California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 3. GOVERNMENT OF COUNTIES |
Division 2. OFFICERS |
Part 2. BOARD OF SUPERVISORS |
Chapter 14. Revenue Bonds for County Improvements |
ARTICLE 4. Competitive Projects |
Section 26365.
Latest version.
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The board may include, in an indenture for the issuance of revenue bonds, a clause that no competitive projects will be acquired or constructed by the board as long as any of the bonds issued under any such indenture are outstanding. Such limitation shall be valid and binding upon the board.
(Added by Stats. 1947, Ch. 815.)