BlackletterCalifornia law

Government Code § 50765

ARTICLE 4. Competitive Projects

Current as of September 28, 2026Gov. Code, § 50765Official source ↗

Added by Stats. 1957, Ch. 2066.

The board may include, in an indenture for the issuance of revenue bonds, a clause that no competitive projects will be acquired or constructed by the board as long as any of the bonds issued under any such indenture are outstanding. Such limitation shall be valid and binding upon the board.