62581
Effective Jan 1, 2025Added by Stats. 2024, Ch. 767, Sec. 1. (SB 440) Effective January 1, 2025.
- (a) The authority may incur or refund general obligation bonded indebtedness, secured by the levy of ad valorem property taxes, pursuant to Article XIII A of the California Constitution, and any amendment thereto, for any purpose authorized by state law or the California Constitution.
- (b) For purposes of incurring general obligation bonded indebtedness pursuant to this subdivision, the authority shall comply with the requirements of Chapter 3 (commencing with Section 53400) of Part 1 of Division 2 of Title 5.