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. 7.4.: ARTICLE 7.4. Securitized Limited Obligations Notes/§ 53837.
California Statutes

§ 53837. — 53837. (Added by Stats. 2004, Ch. 114, Sec. 1.)

California § 53837.
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. 7.4.ARTICLE 7.4. Securitized Limited Obligations Notes

This text of California § 53837. (53837. (Added by Stats. 2004, Ch. 114, Sec. 1.)) 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 § 53837. (2026).

Text

(a)A special district may borrow money pursuant to this article, the indebtedness to be represented by a securitized limited obligation note or notes issued to the lender pursuant to this article.
(b)The money borrowed may be used and expended by the special district solely for the acquisition or improvement of land, facilities, or equipment.
(c)Any note issued pursuant to this article shall be exempt from all taxation within the state.

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Legislative History

Added by Stats. 2004, Ch. 114, Sec. 1. Effective January 1, 2005.
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Bluebook (online)
California § 53837., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/53837..