§ 33657 Agency Bond Default Covenants

Health and Safety Code·California

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Key Takeaways

•The government can make promises about what happens if they break rules in a deal.
•They can set rules for when they fail to pay back money early.
•They can decide how to fix things if they mess up.

Example

If the city borrows money to build a park but doesn’t pay it back on time.

The city can make rules ahead of time about what happens if they miss a payment, like giving extra time or paying a fee.

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

Official Source

View on CA.gov

§ 33657 Agency Bond Default Covenants

An agency may: (a) Covenant as to the rights, liabilities, powers, and duties arising upon the breach by it of any covenant, condition, or obligation. (b) Covenant and prescribe as to events of default and terms and conditions upon which any or all of its bonds or obligations become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived. (Added by Stats. 1963, Ch. 1812.)

Last verified: January 23, 2026

Key Terms

obligation breach covenant agreement what happens government agency requirement condition

References

Official text at leginfo.legislature.ca.gov
California Legislature. Health and Safety Code. Section 33657.

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Key Takeaways

Example

Key Terms

Related Statutes

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