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HomeGovernment CodeDiv. 2Pt. 2Ch. 15Art. 1§ 26409 Project Revenue Bond Use

§ 26409 Project Revenue Bond Use

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 26409 Project Revenue Bond Use

Key Takeaways

  • •The board can only use money from special bonds or project earnings to pay for projects.
  • •They cannot use other money, like taxes, for these projects.
  • •This rule is for building, fixing, running, or insuring projects.

Example

A city wants to build a new park.

The city can only use money from selling special bonds or park fees to pay for the park. They can't use regular tax money.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 26409 Project Revenue Bond Use

The board may use for the payment of the acquisition, construction, completion, maintenance, operation or insurance of any project undertaken under the authority of this chapter, only the proceeds of revenue bonds issued and sold by the board or the revenue from such project. (Added by Stats. 1947, Ch. 822.)

Last verified: January 22, 2026

Key Terms

acquisitioninsurancethe boardconstructioncompletionmaintenanceoperationauthority

Related Statutes

  • § 26309 Project Revenue Bond Use
  • § 50709 Project Funding Restrictions
  • § 26401 County Waste Incinerator Bonds
  • § 26403 Project Cost And Funding Report
  • § 26405 Project Acquisition Authority

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 26409.
View Official Source