Streets and Highways Code section 5334

When bonds are to be issued to represent unpaid assessments against a possessory interest created by a lease in Indian-owned property, the term of the lease remaining at the time of issuance shall exceed, by at least 15 years, the term of the bonds issued.

If bonds are to be issued to represent assessments against such a possessory interest, the legislative body shall so declare in the resolution of intention.

Source: Section 5334, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=5334. (updated Jan. 1, 1978; accessed Jul. 14, 2025).

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Verified:
Jul. 14, 2025

§ 5334's source at ca.gov

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Location: https://california.public.law/codes/streets_and_highways_code_section_5334

Original Source: Section 5334, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=5334. (last accessed May 12, 2025).