GroundRules
GOV § 6589
Where this section sits in the code
- Government Code - GOV
- TITLE 1. GENERAL [100. - 7931.000.]
- DIVISION 7. MISCELLANEOUS [6000. - 7599.200.]
- CHAPTER 5. Joint Exercise of Powers [6500. - 6599.3.]
- ARTICLE 4. Local Bond Pooling [6584. - 6599.3.]
An authority may enter into a bond purchase agreement with a local agency or agencies. The bond purchase agreement shall specify the maximum rate of interest, the cost of issuance, the amount of required reserve, and the procedure to be used in case of default. Notwithstanding any other provision of law, local agencies may sell their bonds to the authority on a negotiated basis without compliance with any public sale requirement included in the statutes under which the bonds are issued.
Collected 2026-09-14T05:56:33Z. Source file · JSON