Cal. Government Code § 53345
Cal. Government Code § 53345
California · California Government Code · Status: effective · Effective 2008-01-01
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- Citation
- Cal. Government Code § 53345, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/848149
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Full text
Whenever the legislative body deems it necessary for the community facilities district to incur a bonded indebtedness, it shall, by resolution, set forth all of the following:
(a) A declaration of the necessity for the indebtedness.
(b) The purpose for which the proposed debt is to be incurred.
(c) The amount of the proposed debt. The legislative body may provide for a reduction in the amount of proposed debt in compliance with the provisions of Section 53313.9.
(d) The time and place for a hearing by the legislative body on the proposed debt authorization.