Cal. Government Code § 26349

California · California Government Code · Status: effective · Effective 1989-07-25

Cite this

Citation: Cal. Government Code § 26349, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/843069
Permanent ID: ys:prov:843069@1
SHA-256: e384df3c9bdabd5d45478a4a7976ce144ae6c46397831306a51c16a79ce01ccd

The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.

Full text

The bonds issued under this chapter, except for those revenue bonds issued pursuant to Article 9 (commencing with Section 26400.50), shall be subject to investigation and certification by the Treasurer under the Districts Securities Law (Chapter 1 (commencing with Section 20000) of Division 10 of the Water Code). If the Treasurer determines that the bonds are adequately secured and the revenues of the authority applicable to the payment thereof are or will be sufficient to pay the principal and interest of the bonds, and if the Treasurer certifies to that effect, the bonds shall be eligible as legal investments for both public and private funds in the same manner as provided in the Districts Securities Law (Chapter 1 (commencing with Section 20000) of Division 10 of the Water Code).