§ 26412 Project Liability Insurance Authority

Government Code·California

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Key Takeaways

•The board can buy insurance to cover accidents or damage caused by their projects.
•They can use money from revenue bonds to pay for this insurance.
•The insurance can cover anything they think is important for the project.

Example

A city builds a new park with a playground. A kid gets hurt on the swings because they were not installed correctly.

The city can use insurance money to help pay for the kid's hospital bills. The insurance was paid for using money from bonds the city sold to build the park.

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

Official Source

View on CA.gov

§ 26412 Project Liability Insurance Authority

The board may insure against public liability or property damage in connection with any project. It may provide in the proceedings authorizing the issuance of any revenue bonds for the carrying of such or any other insurance in such amount and of such character as may be specified and for the payment of the premiums thereon. (Added by Stats. 1947, Ch. 822.)

Last verified: January 22, 2026

Key Terms

insurance liability property premium the board connection issuance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 26412.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References