California § 5790. 5790. (Added by Stats. 2001, Ch. 15, Sec. 4.)

California Statutes

§ 5790. — 5790. (Added by Stats. 2001, Ch. 15, Sec. 4.)

California § 5790.

JurisdictionCalifornia

Code PRCPublic Resources Code - PRC

Div. 5.DIVISION 5. PARKS AND MONUMENTS

Ch. 4.CHAPTER 4. Recreation and Park Districts

Art. 11.ARTICLE 11. General Obligation Bonds

This text of California § 5790. (5790. (Added by Stats. 2001, Ch. 15, Sec. 4.)) 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. Public Resources Code - PRC Code § 5790. (2026).

Text

(a)Whenever a board of directors determines that it is necessary to incur a general obligation bonded indebtedness for the acquisition or improvement of real property or for funding or refunding of any outstanding indebtedness, the board of directors shall adopt a resolution making determinations and calling an election on a proposition to incur indebtedness.

(b)The amount of the bonds to be issued shall not exceed the amount specified in the resolution calling the election.

(c)A district shall not incur bonded indebtedness that exceeds 10 percent of the assessed value of all taxable property in the district at the time the bonds are issued.

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(a)
Whenever a board of directors determines that it is necessary to incur a general obligation bonded indebtedness for the acquisition or improvement of real property or for funding or refunding of any outstanding indebtedness, the board of directors shall adopt a resolution making determinations and calling an election on a proposition to incur indebtedness.
(b)
The amount of the bonds to be issued shall not exceed the amount specified in the resolution calling the election.
(c)
A district shall not incur bonded indebtedness that exceeds 10 percent of the assessed value of all taxable property in the district at the time the bonds are issued.