California Government Code 50668.2 – The local agency shall pay or cause to be paid the principal and …
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The local agency shall pay or cause to be paid the principal and interest of the bonds on the date, at the place, and in the manner mentioned in the bonds and in accordance with the resolution authorizing their issuance.
(Added by Stats. 1985, Ch. 320, Sec. 2.)
Terms Used In California Government Code 50668.2
- Local agency: means any county, city, or city and county, including a chartered city, or special district, including a school district. 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