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HomeGovernment CodeDiv. 2Pt. 1Ch. 6Art. 6§ 54522 Annual Bond Revenue Report

§ 54522 Annual Bond Revenue Report

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

§ 54522 Annual Bond Revenue Report

Key Takeaways

  • •The local government must share a yearly money report about projects paid for with bonds.
  • •The report must show how much money was made, how it was spent, and how the project is doing.
  • •The report must come out within 120 days after the fiscal year ends.
  • •Anyone who owns a bond can ask for a copy of this report.

Example

A city builds a new park using money from bonds.

Every year, the city must tell everyone how much money the park made (like from entry fees), how that money was spent, and if the park is in good shape. They have to do this within 120 days after the year ends. If you helped pay for the park by buying a bond, you can ask the city for this report.

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

Official Source
View on CA.gov

§ 54522 Annual Bond Revenue Report

The local agency shall cause to be published a summary statement showing the amount of gross revenues and the amount of all other funds collected which are required to be pledged or otherwise made available as security for payment of the principal of and interest on the bonds, the disbursements from such revenues and other funds in reasonable detail, and a general statement of the financial and physical condition of the enterprise. The statement shall be published annually, not more than 120 days after the close of each fiscal year. The local agency shall furnish a copy of the statement to any bondholder upon request. (Amended by Stats. 1953, Ch. 526.)

Last verified: January 22, 2026

Key Terms

statementportconditionsecurity

Related Statutes

  • § 27390 Electronic Recording Delivery Rules
  • § 27393 Electronic Recording System Oversight
  • § 27394 County Recorder Security Audits
  • § 27398 Electronic Recording System Evaluation
  • § 29126.2 Budget Financing Review Reports

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 54522.
View Official Source