§ 50704 Project Revenue Bond Authorization

Government Code·California

AI SummaryVerified

Key Takeaways

•If a group (like a city council) agrees, they can decide to build or fix something important, like a park or road.
•They can describe what they want to do in simple terms and say it’s needed for the public.
•To pay for it, they can borrow money by selling special bonds (like an IOU) that they’ll pay back later.

Example

A town wants to build a new community pool because the old one is broken.

The town’s leaders can vote to say, 'Yes, we need this pool!' Then, they can borrow money by selling bonds to pay for building it.

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

Official Source

View on CA.gov

§ 50704 Project Revenue Bond Authorization

If the report is approved by the board, the board may adopt a resolution declaring that the public interest and necessity demand the acquisition, construction or completion of the project or of a designated part thereof, the purpose, nature and extent of which shall be described in general terms, and authorizing such acquisition, construction or completion. The board may thereupon authorize the issuance of revenue bonds for the purpose of obtaining funds in an amount estimated by the board to be sufficient for such project or part thereof. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

acquisition resolution port construction completion necessity issuance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 50704.

§ 50704 Project Revenue Bond Authorization

Government Code·California

AI SummaryVerified

§ 50704 Project Revenue Bond Authorization

Key Takeaways

•If a group (like a city council) agrees, they can decide to build or fix something important, like a park or road.
•They can describe what they want to do in simple terms and say it’s needed for the public.
•To pay for it, they can borrow money by selling special bonds (like an IOU) that they’ll pay back later.

Example

A town wants to build a new community pool because the old one is broken.

The town’s leaders can vote to say, 'Yes, we need this pool!' Then, they can borrow money by selling bonds to pay for building it.

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

Official Source

View on CA.gov

§ 50704 Project Revenue Bond Authorization

Last verified: January 22, 2026

Key Terms

acquisition resolution port construction completion necessity issuance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 50704.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References