California § 5870. 5870. (Added by Stats. 2009, Ch. 557, Sec. 1.)

California Statutes

§ 5870. — 5870. (Added by Stats. 2009, Ch. 557, Sec. 1.)

California § 5870.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.6.

Title 1.DIVISION 6. PUBLIC BONDS AND OBLIGATIONS

Ch. 10.7.CHAPTER 10.7. Conduit Financing Transparency and Accountability

This text of California § 5870. (5870. (Added by Stats. 2009, Ch. 557, 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 § 5870. (2026).

Text

As used in this chapter, the following definitions apply:

(a)“Conduit financing” means the issuance of conduit revenue bonds.

(b)“Conduit financing provider” means any county, city, city and county, public district, public authority, public corporation, nonprofit corporation, joint powers authority, or other statutorily constituted public entity that issues one or more conduit revenue bonds.

(c)“Conduit revenue bond” means any municipal security the proceeds of which are loaned to any nongovernmental borrower, including, but not limited to, persons, for-profit corporations, nonprofit corporations pursuant to Section 501(c)(3) of the Internal Revenue Code, partnerships, and other legal entities for purposes that are permitted for qualified private activity bonds under applicable fe

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As used in this chapter, the following definitions apply:
(a)
“Conduit financing” means the issuance of conduit revenue bonds.
(b)
“Conduit financing provider” means any county, city, city and county, public district, public authority, public corporation, nonprofit corporation, joint powers authority, or other statutorily constituted public entity that issues one or more conduit revenue bonds.
(c)
“Conduit revenue bond” means any municipal security the proceeds of which are loaned to any nongovernmental borrower, including, but not limited to, persons, for-profit corporations, nonprofit corporations pursuant to Section 501(c)(3) of the
Internal Revenue Code, partnerships, and other legal entities for purposes that are permitted for qualified private activity bonds under applicable federal law.

Legislative History

Added by Stats. 2009, Ch. 557, Sec. 1. (SB 99) Effective January 1, 2010.

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California § 5870., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/5870..