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HomeHealth and Safety CodeDiv. 24Pt. 1Ch. 6Art. 5§ 33659 Agency Bond Covenants Authority

§ 33659 Agency Bond Covenants Authority

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 33659 Agency Bond Covenants Authority

Key Takeaways

  • •The agency can use any of the powers listed in Sections 33651 to 33658.
  • •The agency can make additional promises or agreements to help secure its bonds.
  • •The agency can take any actions needed to make its bonds more attractive to buyers, even if those actions aren't specifically listed in the law.

Example

A city wants to build a new park but needs money to do it.

The city can make promises, like using park entrance fees to pay back the money it borrows. It can also do other things to make sure people trust and want to buy its bonds, even if those things aren't listed in the law.

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

Official Source
View on CA.gov

§ 33659 Agency Bond Covenants Authority

An agency may: (a)  Exercise all or any part or combination of the powers granted in Sections 33651 to 33658 inclusive. (b)  Make covenants other than and in addition to the covenants expressly authorized in such sections of like or different character. (c)  Make such covenants and to do any and all such acts and things as may be necessary, convenient, or desirable to secure its bonds, or, except as otherwise provided in this part, as will tend to make the bonds more marketable notwithstanding that such covenants, acts, or things may not be enumerated in this part. (Added by Stats. 1963, Ch. 1812.)

Last verified: January 23, 2026

Key Terms

covenantagreementcalifornia agencycombinationaddition

Related Statutes

  • § 33652 Agency Revenue And Property Restrictions
  • § 33641 Redevelopment Project Bond Financing
  • § 33653 Bond Issuance And Management
  • § 33656 Property Use And Maintenance
  • § 33657 Agency Bond Default Covenants

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 33659.
View Official Source