§ 43451 City Debt Payment Funds

Government Code·California

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Key Takeaways

•The city can create special funds to pay off debts.
•The city can manage these funds itself or let a state board handle them.
•The city can fill these funds by collecting taxes or selling bonds.

Example

Imagine the city needs money to fix old bridges and roads.

The city can set up a special fund to pay for these repairs. They can raise the money by increasing taxes or by selling bonds (like borrowing money from people and paying it back later).

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

Official Source

View on CA.gov

§ 43451 City Debt Payment Funds

The city may create one or more funds for the payment of such indebtedness. Whether the funds are under the management and control of a state board of harbor commissioners or the management and control of the city, or any of its officers, boards or departments, pursuant to statute or charter of the city, the city may provide money for such funds by either or both of the following methods: (a) The levy and collection of taxes. (b) The issuance and sale of bonds. (Added by Stats. 1949, Ch. 79.)

Last verified: January 22, 2026

Key Terms

commission harbor management collection issuance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 43451.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References