§ 53580 Local Agency Bond Definitions
Your city wants to build a new park but doesn’t have enough money.
The city can sell 'bonds' to borrow money from people. Later, if they need to pay off those bonds, they might issue 'refunding bonds' to cover the old debt.
AI-generated — May contain errors. Not legal advice. Always verify source.
§ 53580 Local Agency Bond Definitions
Last verified: January 22, 2026