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HomePublic Utilities CodeDiv. 9Pt. 2Ch. 5Art. 3§ 22780 Bond Term Limits

§ 22780 Bond Term Limits

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

§ 22780 Bond Term Limits

Key Takeaways

  • •Bonds can last up to 40 years.
  • •This rule was added in 1953.

Example

A city wants to borrow money to build a new park.

The city can take up to 40 years to pay back the money they borrowed.

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

Official Source
View on CA.gov

§ 22780 Bond Term Limits

The term of the bonds shall not exceed 40 years. (Added by Stats. 1953, Ch. 151.)

Last verified: January 23, 2026

Key Terms

bonds40 years

Related Statutes

  • § 131280 Transportation Authority Termination
  • § 22778 Bond Issuance Procedures
  • § 22779 Bond Issuance Taxable Property Limit
  • § 22781 Bond Payment Requirements
  • § 22782 Bond Payment Location Options

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 22780.
View Official Source