§ 11700 Department Bond Issuance Authority

Water Code·California

AI SummaryVerified

This law lets the government borrow money by selling bonds to pay for important projects.

Key Takeaways

•The government can borrow money by selling bonds.
•Bonds are like IOUs that the government promises to pay back later.
•The money from bonds can be used for big projects like schools or roads.

Example

The city needs money to build a new school.

The government can sell bonds to get the money needed to build the school.

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

Official Source

View on CA.gov

§ 11700 Department Bond Issuance Authority

For the purpose of providing money and funds to pay the cost and expense of carrying out any of the objects and purposes of this part, the department may, from time to time, issue bonds. As used in this chapter, “bonds” means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter. (Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 1. Effective June 6, 1991.)

Last verified: January 11, 2026

Key Terms

bonds revenue bonds notes refunding bonds bond anticipation notes certificates of indebtedness

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11700.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References