§ 53345
94 words·~1 min read·
/ca/government-code/53345A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Whenever the legislative body deems it necessary for the community facilities district to incur a bonded indebtedness, it shall, by resolution, set forth all of the following:
(a)A declaration of the necessity for the indebtedness.
(b)The purpose for which the proposed debt is to be incurred.
(c)The amount of the proposed debt. The legislative body may provide for a reduction in the amount of proposed debt in compliance with the provisions of Section 53313.9.
(d)The time and place for a hearing by the legislative body on the proposed debt authorization.