Health and Safety Code section 4623

The governing body may issue and sell the bonds at not less than their par value. The proceeds of the sale shall be placed in the city treasury to the credit of the proper improvement district fund and shall be applied exclusively to the purposes and objects specified in the resolution calling the election.

Source: Section 4623, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=4623. (updated Jan. 1, 1965; accessed Jun. 25, 2025).

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Up to date

Verified:
Jun. 25, 2025

§ 4623's source at ca.gov

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Location: https://california.public.law/codes/health_and_safety_code_section_4623

Original Source: Section 4623, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=HSC§ionNum=4623. (last accessed May 12, 2025).