§ 50670 Bond Issuance Validity Evidence

• •If the government issues bonds (like borrowing money) following this law, those bonds are proof that everything was done correctly.
• •Once the bonds are issued, no one can question if the steps taken to issue them were valid or legal.
• •This rule makes sure people trust the bonds because they know the process was followed properly.

A city wants to build a new park but needs money, so they issue bonds to borrow from investors.

Once the bonds are issued, no one can later say the city didn’t follow the rules when borrowing the money. The bonds themselves prove everything was done right.