California Government Code 50665.3 – In determining the amount of bonds to be issued, the legislative body …
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In determining the amount of bonds to be issued, the legislative body may include:
(a) All costs and estimated costs incidental to or connected with the acquisition, construction, improving, or financing of the public works or improvements.
Terms Used In California Government Code 50665.3
- Legislative body: means the city council in the case of a city, and the board of supervisors in the case of a county. See California Government Code 50665.1
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
(b) All engineering, inspection, legal, and fiscal agent’s fees, all costs of the bond election and of the issuance of limited obligation bonds, all bond reserve funds, and all bond interest estimated to accrue during the construction period and for a period determined by the legislative body after completion of construction.
(Added by Stats. 1985, Ch. 320, Sec. 2.)