§ 13106 Bondholder Contract Enforcement

Public Utilities Code·California

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Key Takeaways

•If a district issues bonds, the rules in the resolution are like a promise between the district and the people who buy the bonds.
•This promise can be enforced in court if someone doesn't follow the rules.
•The court can make the district do what it promised.

Example

A city promises to use bond money to fix roads but spends it on something else.

The people who bought the bonds can go to court and make the city use the money for roads like they promised.

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

Official Source

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§ 13106 Bondholder Contract Enforcement

The provisions of any resolution constituting a part of the proceedings for the issuance of any bonds under this chapter, when so declared by its terms, or by the terms of any other such resolution, shall constitute a contract between the district and the holders of such bonds, and the provisions thereof shall be enforceable by mandamus or any other appropriate suit, action or proceeding at law or in equity in any court of competent jurisdiction. (Added by Stats. 1957, Ch. 2237.)

Last verified: January 23, 2026

Key Terms

resolution bonds contract district holders mandamus court of competent jurisdiction

References

Official text at leginfo.legislature.ca.gov
California Legislature. Public Utilities Code. Section 13106.

Key Takeaways

Example

Key Terms

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References

Key Takeaways

Example

Key Terms

Related Statutes

References