California § 50666.5. 50666.5. (Added by Stats. 1985, Ch. 320, Sec. 2.)

California Statutes

§ 50666.5. — 50666.5. (Added by Stats. 1985, Ch. 320, Sec. 2.)

California § 50666.5.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.1.

Title 5.DIVISION 1. CITIES AND COUNTIES

Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES AND COUNTIES

Ch. 3.CHAPTER 3. Bonds

Art. 4.ARTICLE 4. Limited Obligation Bonds

This text of California § 50666.5. (50666.5. (Added by Stats. 1985, Ch. 320, Sec. 2.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Government Code - GOV Code § 50666.5. (2026).

Text

Bonds of the same issue shall be equally secured by a pledge, charge, and lien upon the revenues specified in the resolution authorizing the issuance of the bonds, without priority for number, date of bonds, of sale, of execution, or of delivery pursuant to this article and the resolution authorizing the issuance of the bonds; except that any local agency may authorize the issuance of bonds of different series and may provide that the bonds in any series shall, to the extent and in the manner prescribed in the resolution, be subordinated and be junior in standing, with respect to the payment of principal and interest and the security thereof, to such other bonds as may be specified in the resolution.

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Bonds of the same issue shall be equally secured by a pledge, charge, and lien upon the revenues specified in the resolution authorizing the issuance of the bonds, without priority for number, date of bonds, of sale, of execution, or of delivery pursuant to this article and the resolution authorizing the issuance of the bonds; except that any local agency may authorize the issuance of bonds of different series and may provide that the bonds in any series shall, to the extent and in the manner prescribed in the resolution, be subordinated and be junior in standing, with respect to the payment of principal and interest and the security thereof, to such other bonds as may be specified in the resolution.