California Streets and Highways Code 27250 – A district formed under this part may issue either general obligation …
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A district formed under this part may issue either general obligation bonds or revenue bonds secured solely by tolls.
(Added by Stats. 1951, Ch. 1592.)
Terms Used In California Streets and Highways Code 27250
- district: means a bridge and highway district unless the context clearly indicates otherwise. See California Streets and Highways Code 27001
- 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.
- tolls: include tolls, charges, rentals, rates, traffic charges, and other income and revenue actually received or receivable by, or for the account of, the district for the use and operation of equipment, rolling stocks, ferries, properties, and facilities for travel that are constructed, owned, operated, or maintained by the district. See California Streets and Highways Code 27004