§ 33805
52 words·~1 min read·
/ca/public-resources-code/33805A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon making the determination that immediate revenues are insufficient for the acquisition of property, other capital expenses, or the funding or refunding of any outstanding indebtedness, the governing board of the conservancy may call an election on a proposition to incur indebtedness in a specified amount and to issue limited obligation bonds.