Gov. Code, § 53508.7 · Article 4.5. General Obligation Bonds
Gov. Code, § 53508.7
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) The bonds shall be sold at a public or private sale and at a price at, above, or below par, as the legislative body determines.
(b) Any bonds sold at a discount below the par value of the bonds shall be sold in compliance with the provisions of Section 53532.
(c) The private sale of bonds is limited to the sale of school districts’ and community college districts’ bonds pursuant to Sections 15140 or 15146 of the Education Code.
Notes and commentary — not statutory text
History
Amended by Stats. 1999, Ch. 667, Sec. 10. Effective January 1, 2000.
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=53508.7.
- Text hash
- sha256 44c358f6ef922c9f045d8596959d3fc10bfec9a11758f0dc174554974f2b692c
- Composed by
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 1 provision
Provisions in this library whose text cites Gov. Code, § 53508.7. Each shows the citation as that text prints it.
Government Code
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.