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HomeGovernment CodeDiv. 6Ch. 9.5§ 5751 State Agency Bond Definitions

§ 5751 State Agency Bond Definitions

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

§ 5751 State Agency Bond Definitions

Key Takeaways

  • •Bonds are like IOUs from the state to borrow money for big projects.
  • •The 'governing body' is the group of people who make big decisions for a state agency.
  • •A 'state agency' is a part of the government that does specific jobs, like schools or parks.

Example

The state wants to build a new school but doesn't have enough money right now.

The state might sell bonds to borrow money from people. The group in charge of schools (the governing body) decides how to use this money. Later, the state pays back the money with a little extra.

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

Official Source
View on CA.gov

§ 5751 State Agency Bond Definitions

As used in this chapter, the following terms have the following meanings: (a) “Bonds” means general obligation bonds, revenue bonds, or any derivative evidence of indebtedness which includes, but is not limited to, interests in pools, money market mutual funds, and unit investment trusts, issued by or on behalf of any state agency. (b) “Governing body” means the board, authority, trustees, director, commission, committee, secretary, or other policy making body that exercises authority over a state agency. (c) “State agency” has the same meaning as defined by Section 11000. (Added by Stats. 1992, Ch. 954, Sec. 1. Effective January 1, 1993.)

Last verified: January 22, 2026

Key Terms

bondsgoverning bodystate agencyobligationcommissionsecretaryfinedirector

Related Statutes

  • § 5850 Public Bond Definitions
  • § 3202 Public Agency Employee Coverage
  • § 89502 Honorarium Ban For Officials
  • § 89503 Gift Limits For Officials
  • § 89506 Government Travel Payment Rules

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 5751.
View Official Source