{"code":"GOV","codeName":"Government Code","section":"53996","citation":"Gov. Code, § 53996","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"TITLE 5. LOCAL AGENCIES [50001. - 57607.]","url":"https://blackletter.si/government-code/title-5"},{"name":"DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 55821.]","url":"https://blackletter.si/government-code/title-5/division-2"},{"name":"PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES [53000. - 54999.7.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1"},{"name":"CHAPTER 4. Financial Affairs [53600. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4"},{"name":"ARTICLE 19. Obligation of Contract [53995. - 53997.]","url":"https://blackletter.si/government-code/title-5/division-2/part-1/chapter-4/article-19"}],"history":"Added by Stats. 1988, Ch. 346, Sec. 1.","effective":null,"html":"<p>The Legislature hereby finds and declares that a local agency’s obligation of contract, as that term is used and interpreted in Section <a href=\"/gov/9\">9</a> of Article I of the California Constitution, in a financial transaction, commences when the legislative body adopts a resolution officially entering into the contract or when the treasurer, acting on his or her authority, enters into the contract. Therefore, in interpreting Section <a href=\"/gov/9\">9</a> of Article I of the California Constitution, the Legislature finds and declares that no law may be passed which has the effect of impairing a local agency’s existing obligation of contract with regard to a financial transaction.</p>","text":"The Legislature hereby finds and declares that a local agency’s obligation of contract, as that term is used and interpreted in Section 9 of Article I of the California Constitution, in a financial transaction, commences when the legislative body adopts a resolution officially entering into the contract or when the treasurer, acting on his or her authority, enters into the contract. Therefore, in interpreting Section 9 of Article I of the California Constitution, the Legislature finds and declares that no law may be passed which has the effect of impairing a local agency’s existing obligation of contract with regard to a financial transaction.","otherVersions":[],"url":"https://blackletter.si/government-code/obligation-of-contract-53996","source":"California Legislative Information bulk export (pubinfo)"}