Harb. & Nav. Code, § 7211 · Article 4. General Obligation Bonds
Harb. & Nav. Code, § 7211
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The resolution shall state:
(a) The purpose for which the proposed debt is to be incurred, which may include expenses of all proceedings for the authorization, issuance and sale of the bonds.
(b) The amount of debt to be incurred.
(c) The maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 40 years.
(d) The maximum rate of interest to be paid, which shall not exceed 6 percent per annum, payable semiannualy, except that interest for the first year may be payable at the end of the year.
(e) The measure to be submitted to the voters.
(f) The date upon which an election shall be held for the purpose of authorizing the bonded indebtedness to be incurred; and
(g) The designation of the precincts, the location of the polling places and the names of the officers selected to conduct the election, who shall consist of one inspector, one judge, and two clerks in each precinct.
Notes and commentary — not statutory text
History
Added by Stats. 1959, Ch. 1598.
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=HNC§ionNum=7211.
- Text hash
- sha256 bfeb6dd85e7d9da93f6cc31a2ae3053d51f5b48209d20cb159fe632c0ff740cc
- 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
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.