§ 16730 Bond Issuance Authorization

Government Code·California

AI SummaryVerified

Key Takeaways

•The committee decides if they need to borrow money (interim financing) or issue bonds to get funds.
•They can issue and sell bonds in multiple rounds, not all at once.
•Each round of bonds gets a unique name or number to tell them apart.

Example

A city needs money to build a new school but doesn't have all the cash upfront.

The city's committee can decide to borrow some money now (interim financing) or sell bonds to raise funds. They can sell bonds in smaller amounts over time instead of all at once.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 16730 Bond Issuance Authorization

Upon request of the board, supported as required in the bond act, the committee shall determine the necessity or desirability of obtaining interim financing pursuant to Section 16312 or 16313 and of issuing any bonds authorized to be issued and the amount of interim financing or bonds then to be obtained or issued and sold. Successive issues of bonds may be authorized and sold and shall be designated by an appropriate number or other designation. It is not necessary that all of the bonds authorized to be issued be sold at any one time. (Amended by Stats. 1991, Ch. 856, Sec. 2.)

Last verified: January 22, 2026

Key Terms

interim financing bonds successive issues

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 16730.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References