California Government Code 50666 – By resolution, the legislative body may pledge, place a charge upon, …
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By resolution, the legislative body may pledge, place a charge upon, and assign all or any part of the revenues for the security of the bonds.
(Added by Stats. 1985, Ch. 320, Sec. 2.)
Terms Used In California Government Code 50666
- 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
- Resolution: means a resolution by which a legislative body authorizes the issuance, sale, and delivery of bonds. See California Government Code 50665.1
- Revenues: include the proceeds of ad valorem taxes on real property levied by, or allocated to, the local agency, and the proceeds of sales and use taxes. See California Government Code 50665.1