§ 14068 Bond Issuance Authorization Committee

Water Code·California

AI SummaryVerified

Key Takeaways

•The committee decides if they need to issue bonds to do the things listed in Sections 14056-14060.
•They can sell bonds in parts, not all at once.
•They can sell more bonds later if needed.

Example

Imagine a city wants to build new parks and fix old roads.

The city committee checks if they need to borrow money (by selling bonds) to do this. They might borrow a little now and more later as they build each park or fix each road.

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

Official Source

View on CA.gov

§ 14068 Bond Issuance Authorization Committee

Consistent with Section 602 of the federal act, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions specified in Sections 14056, 14057, 14058, 14059, and 14060, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time. (Added by Stats. 1988, Ch. 47, Sec. 2. Approved in Proposition 83 at the November 8, 1988, election.)

Last verified: January 23, 2026

Key Terms

bonds committee Sections 14056-14060 successive issues

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 14068.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References