§ 54311 Bond Election Enterprise Definition

• •Local leaders can decide what counts as an 'enterprise' when asking voters to approve bonds for projects.
• •This definition only applies to the specific bond election mentioned in the resolution.
• •The definition must follow any rules or limits set by other related laws.

A city wants to build a new water treatment plant and needs money, so they ask voters to approve bonds.

The city council can say, 'For this vote, an enterprise means the water treatment plant and its equipment.' This definition only applies to this vote and helps people understand what the bonds will pay for.