California § 975.2. 975.2. (Added by Stats. 1963, Ch. 1715.)

California Statutes

§ 975.2. — 975.2. (Added by Stats. 1963, Ch. 1715.)

California·Code GOV Government Code - GOV·Div. 3.6.·Title 1. DIVISION 3.6. CLAIMS AND ACTIONS AGAINST PUBLIC ENTITIES AND PUBLIC EMPLOYEES·Part 5. PART 5. PAYMENT OF CLAIMS AND JUDGMENTS·Ch. 2. CHAPTER 2. Payment of Judgments Against Local Public Entities·Art. 2. ARTICLE 2. Funding Judgments With Bonds

Whenever the board deems it necessary for the local taxing entity to incur a bonded indebtedness to fund all or any portion of an outstanding judgment against the entity, it shall by resolution state:

(a)The necessity for the indebtedness.

(b)The purpose for which the proposed debt is to be incurred.

(c)The amount of the proposed debt.

(d)The time and place for a hearing by the board on the question whether the local taxing entity should incur a bonded indebtedness to fund all or any portion of an outstanding judgment against the entity.

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Whenever the board deems it necessary for the local taxing entity to incur a bonded indebtedness to fund all or any portion of an outstanding judgment against the entity, it shall by resolution state:
(a)
The necessity for the indebtedness.
(b)
The purpose for which the proposed debt is to be incurred.
(c)
The amount of the proposed debt.
(d)
The time and place for a hearing by the board on the question whether the local taxing entity should incur a bonded indebtedness to fund all or any portion of an outstanding judgment against the entity.

California § 975.2. (975.2. (Added by Stats. 1963, Ch. 1715.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.