Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 2./Title 5.: DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES/Part 1.: PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES/Ch. 4.: CHAPTER 4. Financial Affairs/Art. 6.5.: ARTICLE 6.5. Building Certificates/§ 53807.
California Statutes

§ 53807. — 53807. (Added by Stats. 1959, Ch. 2070.)

California § 53807.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.2.
Title 5.DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
Part 1.PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
Ch. 4.CHAPTER 4. Financial Affairs
Art. 6.5.ARTICLE 6.5. Building Certificates

This text of California § 53807. (53807. (Added by Stats. 1959, Ch. 2070.)) 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 § 53807. (2026).

Text

The certificates shall be sold by the board at their face value to the investing agency. Such certificates are a legal investment by the investing agency notwithstanding any provision of law limiting the investment which may be made by the investing agency. Payment of the purchase price of certificates may be made in accordance with mutual agreement between the investing agency and the board, which agreement may provide for such payment in installments as work upon the public building or buildings progresses and funds necessary therefor are required.

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Legislative History

Added by Stats. 1959, Ch. 2070.
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California § 53807., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53807..