§ 53585
67 words·~1 min read·
/ca/government-code/53585A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A local agency that issues refunding bonds may obtain insurance or other credit enhancement of the refunding bonds or of the escrow referred to in Section 53584 and may enter into any credit reimbursement agreement or other agreement with any person or entity. The agreement shall contain the terms of the credit reimbursement, interest rate, security, and any other terms the local agency deems necessary or appropriate.