The pledge and the payment and security provisions authorized by this article shall be in addition to, and not in derogation of, any provisions permitted or required by law, charter or the Constitution of the State of California relating to payment of general obligation bonds from the proceeds of ad valorem taxes or ad valorem assessments and relating to the levy and collection of such taxes or assessments.

(Added by Stats. 1961, Ch. 1157.)

Terms Used In California Government Code 53504

  • 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.
  • Pledge: means pledge, assign, place a charge upon and place a lien upon. See California Government Code 53500
  • State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
  Previous section
Next section  
 Article 4 Contents