§ 5880 Harbor Improvement Bond Issuance

• •The board of supervisors has to pass a resolution before any bonds can be issued.
• •The bonds are sold to raise money for harbor improvement or development work.
• •The board also decides what the bonds will look like (their form).

The county wants to build a new dock in the harbor but doesn't have the cash right now.

The board writes a resolution to issue bonds, sells them to investors, and uses the money from those bonds to pay for the dock construction.