§ 1216 District Bond Issuance Rules

This law says the board must sell the district's bonds the same way county bonds are sold, following the rules about how big the bonds are, how long they last, and what interest they pay.

Key Takeaways

•The board of supervisors is in charge of issuing and selling district bonds.
•They must follow the same rules that apply to county bonds.
•The bonds must match the law’s requirements for size, length, and interest rate.

Example

The district wants to build a new community center and needs money, so the board sells bonds to raise cash.

The board will issue bonds just like a county does, choosing set amounts, a set time to pay them back, and a set interest rate, all according to the law.

The board of supervisors shall issue and sell the bonds of the district in the manner and form prescribed by law for county bonds and subject to the conditions therein specified regarding the denominations, maturities, and interest rates of county bonds. (Enacted by Stats. 1935, Ch. 389.)

This law says the board must sell the district's bonds the same way county bonds are sold, following the rules about how big the bonds are, how long they last, and what interest they pay.

Key Takeaways

•The board of supervisors is in charge of issuing and selling district bonds.
•They must follow the same rules that apply to county bonds.
•The bonds must match the law’s requirements for size, length, and interest rate.

Example

The district wants to build a new community center and needs money, so the board sells bonds to raise cash.

The board will issue bonds just like a county does, choosing set amounts, a set time to pay them back, and a set interest rate, all according to the law.

Key Takeaways

Example

Key Terms

References

§ 1216 District Bond Issuance Rules

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References