California Law (Last Updated: March 4, 2014) |
Government Code - GOV |
Title 5. LOCAL AGENCIES |
Division 1. CITIES AND COUNTIES |
Part 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES |
Chapter 3.5. Revenue Bonds for Public Improvements |
ARTICLE 4. Competitive Projects |
Section 50765.
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. 1957, Ch. 2066.)