§ 5334
70 words·~1 min read·
/ca/streets-and-highways-code/5334A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
When bonds are to be issued to represent unpaid assessments against a possessory interest created by a lease in Indian-owned property, the term of the lease remaining at the time of issuance shall exceed, by at least 15 years, the term of the bonds issued.
If bonds are to be issued to represent assessments against such a possessory interest, the legislative body shall so declare in the resolution of intention.