Cal. Government Code § 53996
Cal. Government Code § 53996
California · California Government Code · Status: effective
Cite this
- Citation
- Cal. Government Code § 53996, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/848907
- Permanent ID
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Full text
The Legislature hereby finds and declares that a local agency’s obligation of contract, as that term is used and interpreted in Section 9 of Article I of the California Constitution, in a financial transaction, commences when the legislative body adopts a resolution officially entering into the contract or when the treasurer, acting on his or her authority, enters into the contract. Therefore, in interpreting Section 9 of Article I of the California Constitution, the Legislature finds and declares that no law may be passed which has the effect of impairing a local agency’s existing obligation of contract with regard to a financial transaction.