Gov. Code, § 53500 · Article 4. Pledge and Use of Revenues to Pay and Secure General Obligation Bonds
Gov. Code, § 53500
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
As used in this article:
(a) “Local agency” means county, city, city and county, public district, or other public or municipal corporation.
(b) “General obligation bonds” means bonds, warrants, notes or other evidence of indebtedness of a local agency payable, both principal and interest, from the proceeds of ad valorem taxes or ad valorem assessments which may be levied without limitation as to rate or amount upon property in the local agency subject to taxation or assessment.
(c) “Legislative body” means the legislative body of the local agency as defined in Section 53000.
(d) “Revenue-producing facility” means an improvement, works, system or facility furnishing or providing services or products for which the local agency is authorized to impose a charge.
(e) “Pledge” means pledge, assign, place a charge upon and place a lien upon.
Notes and commentary — not statutory text
History
Added by Stats. 1961, Ch. 1157.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53500.
- Text hash
- sha256 c83ccad9ffbcc7b70345a3ea9d7845d2953e8f7900128e93e300ffd43e1cbf56
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- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
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Government Code
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