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HomePublic Utilities CodeDiv. 6Ch. 6.5Art. 10§ 13163 Bond Issuance Certification Requirements

§ 13163 Bond Issuance Certification Requirements

Public Utilities Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 13163 Bond Issuance Certification Requirements

Key Takeaways

  • •This law lets a group (like a city or school board) say they did everything right before borrowing money by selling bonds.
  • •They promise they followed all the rules in California’s laws and constitution when they borrowed the money.
  • •They also promise the total money they owe (including this new loan) doesn’t break any debt limits set by California.

Example

A small town wants to build a new park but needs money, so they decide to sell bonds (like borrowing from people).

Before selling the bonds, the town leaders must officially say, 'We did everything the law says—we followed all the steps, and we’re not borrowing too much.' This makes sure they’re not breaking any rules.

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

Official Source
View on CA.gov

§ 13163 Bond Issuance Certification Requirements

The board, by resolution adopted in connection with any issue of bonds pursuant to this chapter, may direct that there shall be included in each of the bonds of that issue a certification and recital that any and all acts, conditions and things required to exist, to happen and to be performed, precedent to and in the incurring of the indebtedness evidenced by that bond, and in the issuing of said bond, exist, have happened and have been performed in due time, form and manner, as required by the Constitution and statutes of the State of California, and that said bond, together with all other indebtedness of the district pertaining to the electric system for or on account of which the indebtedness evidenced by said bond was incurred, is within every debt and other limit prescribed by the Constitution and statutes of the State of California. (Added by Stats. 1957, Ch. 2237.)

Last verified: January 23, 2026

Key Terms

certificationrecitalindebtednessConstitution and statutes of the State of Californiadebt and other limit

Related Statutes

  • § 13161 Bond Issuance Financial Requirements
  • § 13111 Electric System Revenue Bonds
  • § 13134 Electric System Sale Restrictions
  • § 13162 Board Resolution Authority
  • § 13164 Bond Validity Conclusive Evidence

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 13163.
View Official Source