§ 1107 Bond Issuance Procedures

Military and Veterans Code·California

AI SummaryVerified

This law says that any bonds made under this chapter have to follow all the rules in the State General Obligation Bond Law, just as if those rules were written right here.

Key Takeaways

•All steps for bonds (preparing, issuing, selling, paying, redeeming) must follow the State General Obligation Bond Law.
•Every rule in that bond law is treated as if it were written in this chapter.
•The law was added in 1999 and approved by voters in 2000.

Example

A city wants to sell bonds to raise money for a new library.

The city must prepare, issue, sell, pay back, and retire those bonds exactly the way the State General Obligation Bond Law tells them to, because this law makes that law automatically apply.

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

Official Source

View on CA.gov

§ 1107 Bond Issuance Procedures

The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), and all of the provisions of that law apply to the bonds and to this chapter and are hereby incorporated in this chapter as though set forth in full in this chapter. (Added by Stats. 1999, Ch. 728, Sec. 2. Approved in Proposition 16 at the March 7, 2000, election.)

Last verified: January 11, 2026

Key Terms

bonds State General Obligation Bond Law

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 1107.

§ 1107 Bond Issuance Procedures

Military and Veterans Code·California

AI SummaryVerified

§ 1107 Bond Issuance Procedures

This law says that any bonds made under this chapter have to follow all the rules in the State General Obligation Bond Law, just as if those rules were written right here.

Key Takeaways

•All steps for bonds (preparing, issuing, selling, paying, redeeming) must follow the State General Obligation Bond Law.
•Every rule in that bond law is treated as if it were written in this chapter.
•The law was added in 1999 and approved by voters in 2000.

Example

A city wants to sell bonds to raise money for a new library.

The city must prepare, issue, sell, pay back, and retire those bonds exactly the way the State General Obligation Bond Law tells them to, because this law makes that law automatically apply.

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

Official Source

View on CA.gov

§ 1107 Bond Issuance Procedures

Last verified: January 11, 2026

Key Terms

bonds State General Obligation Bond Law

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 1107.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References