California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 3. GOVERNMENT OF COUNTIES |
Division 3. FINANCIAL PROVISIONS |
Chapter 6. Bonds |
ARTICLE 3. Special Improvement Bonds |
Section 29951.
Latest version.
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The intent of this article is that investments of county funds shall be made for the purpose of: (a) aiding and facilitating the making of needed public improvements in the county; (b) limiting or preventing the increasing of district taxes or assessments which may lessen or impair the general tax revenues of the county from any district; and (c) providing means by which district indebtedness or assessments represented by or securing bonds may be reduced.
(Added by Stats. 1947, Ch. 424.)