Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 3./Title 6.: DIVISION 3. COMMUNITY SERVICES DISTRICTS/Part 3.: PART 3. PURPOSES, SERVICES, AND FACILITIES/Ch. 4.: CHAPTER 4. Capital Financing/§ 61126.
California Statutes

§ 61126. — 61126. (Added by Stats. 2005, Ch. 249, Sec. 3.)

California § 61126.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.3.
Title 6.DIVISION 3. COMMUNITY SERVICES DISTRICTS
Part 3.PART 3. PURPOSES, SERVICES, AND FACILITIES
Ch. 4.CHAPTER 4. Capital Financing

This text of California § 61126. (61126. (Added by Stats. 2005, Ch. 249, Sec. 3.)) 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 § 61126. (2026).

Text

(a)Whenever a board of directors determines that it is necessary to incur a general obligation bond indebtedness for the acquisition or improvement of real property, the board of directors may proceed pursuant to Article 11 (commencing with Section 5790) of Chapter 4 of Division 5 of the Public Resources Code.
(b)Notwithstanding subdivision (a), a district shall not incur bonded indebtedness pursuant to this section that exceeds 15 percent of the assessed value of all taxable property in the district at the time that the bonds are issued.

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Legislative History

Added by Stats. 2005, Ch. 249, Sec. 3. Effective January 1, 2006.
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California § 61126., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/61126..