SB 442: Municipal water districts: revenue bonds.
- Session Year: 2015-2016
- House: Senate
- Latest Version Date: 2015-02-25
Existing law, the Municipal Water District Law of 1911, provides for the formation of municipal water districts and grants to those districts specified powers, including the authority to issue revenue bonds for any purpose for which general obligation bonds may be issued.
This bill would make nonsubstantive changes in those provisions.
A district may issue revenue bonds for any purpose for which general obligation bonds may be issued. Such revenue Revenue bonds may be issued pursuant to the Revenue Bond Law of 1941 or any other law which that by its terms is applicable to districts formed under this division.
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Date
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Status
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|---|---|
| Feb 25, 2015 | Introduced. Read first time. To Com. on RLS. for assignment. To print. |
| Feb 26, 2015 | From printer. May be acted upon on or after March 28. |
| Mar 5, 2015 | Referred to Com. on RLS. |
| Feb 1, 2016 | Returned to Secretary of Senate pursuant to Joint Rule 56. |
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