Sts. & Hy. Code, § 8769 · Part 11.1. ALTERNATIVE PROCEDURE FOR COLLECTING ASSESSMENTS AND ADVANCE RETIREMENT OF BONDS
Sts. & Hy. Code, § 8769
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Before issuing bonds pursuant to this division, the legislative body shall determine, and shall declare in the resolution of intention, one of the following:
(a) The city will obligate itself to advance available funds from the city treasury to cure any deficiency which may occur in the bond redemption fund. If the legislative body determines to so declare under this subdivision, the legislative body may provide further security for the assessment bonds by creating an improvement district pursuant to the Benefit Assessment Act of 1982.
(b) The city will not obligate itself to advance available funds from the city treasury to cure any deficiency which may occur in the bond redemption fund. A determination not to obligate itself shall not prevent the city from, in its sole discretion, so advancing funds.
The determination made pursuant to this section shall be clearly stated in the text of the bonds issued pursuant to this division, and the title of the bonds shall include the words “Limited Obligation Improvement” in the event that the declaration in subdivision (b) is made.
Notes and commentary — not statutory text
History
Amended by Stats. 1990, Ch. 446, Sec. 17.
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=8769.
- Text hash
- sha256 ca0a32661b021e189e1394fac9b639f76d7b61ad3bb3609c2b53bc209c3db641
- 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
Cited by 8 provisions
Provisions in this library whose text cites Sts. & Hy. Code, § 8769. Each shows the citation as that text prints it.
Streets and Highways Code
- Sts. & Hy. Code, § 8571Printed as Section 8769
- Sts. & Hy. Code, § 8803Printed as Section 8769
- Sts. & Hy. Code, § 8806Printed as Section 8769
- Sts. & Hy. Code, § 8808Printed as Section 8769
- Sts. & Hy. Code, § 8836Printed as Section 8769
- Sts. & Hy. Code, § 9519.5Printed as Sections 8571.3 and 8769
- Sts. & Hy. Code, § 9601.5Printed as Section 8769
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.