Sts. & Hy. Code, § 8571.5 · Part 3. DETERMINATION TO ISSUE BONDS
Sts. & Hy. Code, § 8571.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
The legislative body may determine that bonds issued pursuant to this division may be refunded under specified conditions. If the legislative body so determines, it shall, in the resolution of intention to do the work, include all of the following:
(a) A declaration that bonds proposed in the resolution may be refunded.
(b) The specific conditions under which the bonds may be refunded, including a maximum interest rate and maximum number of years to maturity of the refunding bonds.
(c) A statement that any adjustment to assessments resulting from the refunding will be done on a pro rata basis.
The refunding shall be accomplished pursuant to Division 11.5 (commencing with Section 9500), except that, if, following the filing of the report specified in Section 9523 and any subsequent modifications of the report, the legislative body finds that each of the conditions specified in the resolution of intention is satisfied and that the adjustments to assessments are on a pro rata basis, the legislative body may approve and confirm the report and may, without further proceedings, authorize, issue, and sell the refunding bonds pursuant to Chapter 3 (commencing with Section 9600) of Division 11.5.
Notes and commentary — not statutory text
History
Amended by Stats. 1986, Ch. 874, Sec. 5. Effective September 17, 1986.
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=SHC§ionNum=8571.5.
- Text hash
- sha256 23066714e7a4531646c2acccbf7c507ea498067bda1bb087a9785af137264141
- 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.
Streets and Highways Code
- Sts. & Hy. Code, div. 11.5REFUNDING ACT OF 1984 FOR 1915 IMPROVEMENT ACT BONDSPrinted as Division 11.5 (commencing with Section 9500)
- Sts. & Hy. Code, § 9523Printed as Section 9523
- Sts. & Hy. Code, div. 11.5, ch. 3Issuance of Refunding BondsPrinted as Chapter 3 (commencing with Section 9600) of Division 11.5
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.