§ 33650 Agency Bond Issuance Powers

• •This law gives special groups (called 'agencies') extra powers when they want to borrow money by selling bonds.
• •The extra powers are listed in other sections (33651 to 33659) of the law.
• •This rule was added in 1963.

A city wants to build a new park but doesn’t have enough money.

The city can use these extra powers to sell bonds (like IOUs) to get the money they need for the park. The exact rules for how they do this are in the other sections mentioned.