§ 26304 Project Revenue Bond Authorization

Government Code·California

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Key Takeaways

•If the board approves a report, they can decide a project is needed for the public.
•The board can then allow the project to be built or finished.
•The board can issue special bonds to get money for the project.

Example

A town needs a new park for kids to play in.

The town board approves the idea and says the park is needed. They then decide to build it and get money by selling special bonds to pay for the swings, slides, and benches.

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

Official Source

View on CA.gov

§ 26304 Project Revenue Bond Authorization

If the report is approved by the board, the board may adopt a resolution declaring that the public interest and necessity demand the acquisition, construction or completion of the project or of a designated part thereof, the purpose, nature and extent of which shall be described in general terms, and authorizing such acquisition, construction or completion. The board may thereupon authorize the issuance of revenue bonds for the purpose of obtaining funds in an amount estimated by the board to be sufficient for such project or part thereof. (Added by Stats. 1947, Ch. 815.)

Last verified: January 22, 2026

Key Terms

acquisition resolution port construction completion necessity issuance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 26304.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References