Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA GOVERNMENT CODETitle 1 - GENERALDivision 3.6 - CLAIMS AND ACTIONS AGAINST PUBLIC ENTITIES AND PUBLIC EMPLOYEESPart 5 - PAYMENT OF CLAIMS AND JUDGMENTSChapter 2 - PAYMENT OF JUDGMENTS AGAINST LOCAL PUBLIC ENTITIES
Article 2 - FUNDING JUDGMENTS WITH BONDS
Section 975.2 - Resolution to incur bonded indebtedness to pay judgment

Cal. Gov. Code § 975.2

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Current through the 2023 Legislative Session.
Section 975.2 - Resolution to incur bonded indebtedness to pay judgment

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.

Ca. Gov. Code § 975.2

Added by Stats. 1963, Ch. 1715.