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HomeGovernment CodeDiv. 2Pt. 1Ch. 3Art. 1.5§ 53412 Local Agency Bond Definitions

§ 53412 Local Agency Bond Definitions

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 53412 Local Agency Bond Definitions

Key Takeaways

  • •This law defines who 'local agencies' are - like cities, counties, and special groups that do government work in small areas.
  • •A 'special district' is a small government group that does specific jobs, like running schools or community colleges.
  • •A 'bond' is like a loan the government takes to pay for big things, and people have to vote to say it's okay.

Example

Your city wants to build a new park but doesn't have enough money.

The city might ask people to vote on a 'bond'. If most people say yes, the city can borrow money to build the park and pay it back over time.

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

Official Source
View on CA.gov

§ 53412 Local Agency Bond Definitions

As used in this article: (a) “Local agency” means any county, city, city and county, including a charter city or county, or any special district. (b) “Special district” means an agency of the state, formed pursuant to general law or a special act, for the performance of governmental or proprietary functions, with limited geographic boundaries, including, but not limited to, a school district and a community college district. (c) “Bond” means any bonded indebtedness regardless of state law or charter that requires voter approval, including, but not limited to, general obligation bonds, revenue bonds, and bonds issued pursuant to the Mello-Roos Community Facilities Act (Chapter 2.5 (commencing with Section 53311)). (Added by Stats. 2000, Ch. 535, Sec. 5. Effective January 1, 2001.)

Last verified: January 22, 2026

Key Terms

obligationlocal agencyspecial districtbondperformanceschoolfinecommunity

Related Statutes

  • § 53508.9 Local Bond Negotiated Sales
  • § 50075.5 Local Agency Definitions
  • § 16430 Eligible Surplus Investment Securities
  • § 31494.2 Retirement Plan Transfer Election
  • § 50665.1 Local Agency Revenue Definitions

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 53412.
View Official Source