California Health and Safety Code 13925 – Whenever a district board determines that it is necessary to incur a …
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Whenever a district board determines that it is necessary to incur a general obligation bonded indebtedness for the acquisition or construction of any real property or other capital expense or for funding or refunding of any outstanding indebtedness, the district board shall adopt a resolution making determinations and calling an election on a proposition to incur indebtedness and to issue general obligation bonds.
(Repealed and added by Stats. 1987, Ch. 1013, Sec. 11.)
Terms Used In California Health and Safety Code 13925
- District: means a fire protection district created pursuant to this part or created pursuant to any law which this part supersedes. See California Health and Safety Code 13802
- District board: means the board of directors of a district. See California Health and Safety Code 13802
- 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.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.