Section 53410 Of Article 1.5. Bond Accountability From California Government Code >> Division 2. >> Title 5. >> Part 1. >> Chapter 3. >> Article 1.5.
53410
. On or after January 1, 2001, any local bond measure that is
subject to voter approval that would provide for the sale of bonds by
a local agency shall provide accountability measures that include,
but are not limited to, all of the following:
(a) A statement indicating the specific purposes of the bond.
(b) A requirement that the proceeds be applied only to the
specific purposes identified pursuant to subdivision (a).
(c) The creation of an account into which the proceeds shall be
deposited.
(d) An annual report pursuant to Section 53411.