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HomePublic Utilities CodeDiv. 10Pt. 11Ch. 4Art. 7§ 99326 County Bond Revenue Security

§ 99326 County Bond Revenue Security

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

§ 99326 County Bond Revenue Security

Key Takeaways

  • •The county can borrow money by selling special bonds.
  • •These bonds are paid back only using specific money, like certain taxes or fees.
  • •If the county doesn’t have enough of that special money, the bonds might not get paid.

Example

A county wants to build a new park but doesn’t have enough cash.

The county can sell bonds to get the money, but it can only use park fees or special taxes to pay them back. If not enough people visit the park, the county might not have enough money to pay the bonds.

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

Official Source
View on CA.gov

§ 99326 County Bond Revenue Security

The bonds are special obligations of the county and shall be a charge against and are secured by a lien upon and shall be payable, as to the principal thereof and interest thereon, and any premiums upon the redemption thereof, solely from the revenues and such funds as are described in the resolution authorizing the issuance of the bonds. (Added by Stats. 1971, Ch. 1400.)

Last verified: January 23, 2026

Key Terms

resolutionlienpremiumobligationthe bondsredemptionissuance

Related Statutes

  • § 99323 Revenue Bond Payment Limits
  • § 99328 Bond Revenue Security Pledge
  • § 99351 Bond Payment Priority Requirements
  • § 99322 Bond Issuance Cost Inclusions
  • § 99340 Bond Proceeds And Issuance

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 99326.
View Official Source