California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 16. HIGHWAY DISTRICTS |
Part 3. BRIDGE AND HIGHWAY DISTRICTS |
Chapter 18. Golden Gate Bridge, Highway and Transportation District |
ARTICLE 3. Powers and Functions |
Section 27556.
Latest version.
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Except for the necessity to finance its interim system of buses and ferries, as described in Section 27551, or the necessity to finance capital improvements or modifications relating to seismic safety of the bridge, the district shall not issue general obligation bonds, revenue bonds, or any other form of long-term indebtedness.
(Amended by Stats. 1992, Ch. 166, Sec. 1. Effective July 13, 1992.)