California Streets and Highways Code 33107.5 – The authority may provide that any resolution or resolutions adopted …
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The authority may provide that any resolution or resolutions adopted in connection with the authorization of any bonds shall constitute a contract with the holders of such bonds, not subject to repeal, and not subject to any modification other than to the extent and in a manner provided in any such resolution.
(Added by Stats. 1951, Ch. 1388.)
Terms Used In California Streets and Highways Code 33107.5
- bonds: means revenue bonds issued pursuant to this part. See California Streets and Highways Code 33100
- Contract: A legal written agreement that becomes binding when signed.