§ 27453 Bond Issuance Election Rules

• •This law says that rules from Chapter 7 (starting at Section 26201) apply to issuing bonds under this article.
• •It covers things like how to hold a vote for bonds, how to make and sell bonds, and how to pay back the money.
• •The rules also include how to check if the bonds are valid and how to pay interest on them.

A city wants to build a new park and needs money to do it.

The city decides to issue bonds to raise money. They have to follow the rules from Chapter 7 for things like holding a vote, selling the bonds, and paying back the money with interest.