ARTICLE 19. Obligation of Contract

Article 19 added by Stats. 1988, Ch. 346, Sec. 1.

§§ 53995–53997 · 3 sections

• § 53995 As used in this article: (a) “Financial transaction” means any agreement or arrangement entered into between a local agency or the treasurer of a local agency…
• § 53996 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…
• § 53997 (a) A local agency’s obligation of contract, with regard to a financial transaction, shall commence when the legislative body adopts a resolution formally…