Government Code section 53585

A local agency that issues refunding bonds may obtain insurance or other credit enhancement of the refunding bonds or of the escrow referred to in Section 53584 and may enter into any credit reimbursement agreement or other agreement with any person or entity. The agreement shall contain the terms of the credit reimbursement, interest rate, security, and any other terms the local agency deems necessary or appropriate.

Source: Section 53585, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53585. (accessed Jun. 2, 2025).

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Last Updated

May 12, 2025

§ 53585’s source at ca.gov

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Location: https://california.public.law/codes/government_code_section_53585

Original Source: Section 53585, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=53585. (last accessed May 12, 2025).