§ 11137 State Agency Bond Issuance

Water Code·California

AI SummaryVerified

This law lets state agencies borrow money by selling bonds to help pay for things like public projects.

Key Takeaways

•State agencies can sell bonds to get money for projects.
•The rules for selling these bonds are the same as for other public projects.
•This is like taking a loan to pay for something big.

Example

A city wants to build a new park but doesn't have enough money right now.

The city can sell bonds to get the money now and pay it back later, just like taking out a loan.

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

Official Source

View on CA.gov

§ 11137 State Agency Bond Issuance

Any State agency may issue its general obligation bonds for the purpose of making advances or contributions under this article and all proceedings for the authorization, issue, and sale of such bonds shall be had under the law governing the issue and sale of bonds for public improvements by the particular State agency. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

general obligation bonds advances or contributions public improvements

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11137.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References