§ 1109 Bond Issuance Authorization Committee

Military and Veterans Code·California

AI SummaryVerified

This law says a committee decides if bonds are needed for projects, how many to issue, and can sell them in parts over time.

Key Takeaways

•The committee decides if bonds are needed for the actions in the chapter.
•It sets the total amount of bonds to issue.
•Bonds can be sold in several rounds; they don’t all have to be sold at once.

Example

A city wants to build a new park. The committee looks at the cost, decides bonds are needed, and sets the amount to raise.

The committee checks if borrowing money (bonds) will help pay for the park, picks an amount, and can sell the bonds in several batches instead of all at once.

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

Official Source

View on CA.gov

§ 1109 Bond Issuance Authorization Committee

The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions specified in this chapter and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time. (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 committee successive issues

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 1109.

§ 1109 Bond Issuance Authorization Committee

Military and Veterans Code·California

AI SummaryVerified

§ 1109 Bond Issuance Authorization Committee

This law says a committee decides if bonds are needed for projects, how many to issue, and can sell them in parts over time.

Key Takeaways

•The committee decides if bonds are needed for the actions in the chapter.
•It sets the total amount of bonds to issue.
•Bonds can be sold in several rounds; they don’t all have to be sold at once.

Example

A city wants to build a new park. The committee looks at the cost, decides bonds are needed, and sets the amount to raise.

The committee checks if borrowing money (bonds) will help pay for the park, picks an amount, and can sell the bonds in several batches instead of all at once.

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

Official Source

View on CA.gov

§ 1109 Bond Issuance Authorization Committee

Last verified: January 11, 2026

Key Terms

bonds committee successive issues

References

Official text at leginfo.legislature.ca.gov
California Legislature. Military and Veterans Code. Section 1109.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References