California Government Code ARTICLE 7.4 - Securitized Limited Obligations Notes

• Section 53835.
  As used in this article, “special district” means any agency of the state for the local performance of governmental or proprietary functions within limited boundaries....
• Section 53836.
  The powers conferred by this article are in addition to and alternative to any powers conferred by any other law for borrowing by a special...
• Section 53837.
  (a) A special district may borrow money pursuant to this article, the indebtedness to be represented by a securitized limited obligation note or notes issued to...
• Section 53838.
  (a) A special district may issue securitized limited obligation notes after the adoption, by a four-fifths vote of all the members of the governing body, of...
• Section 53839.
  A special district shall not issue any securitized limited obligation notes after December 31, 2019, unless a later enacted statute that is enacted before December...

Last modified: October 22, 2018