Section 53549 Of Chapter 3. Fiscal Provisions From California Health And Safety Code >> Division 31. >> Part 12. >> Chapter 3.
53549
. Upon request of the board stating that funds are needed for
purposes of this part, the committee shall determine whether or not
it is necessary or desirable to issue bonds authorized pursuant to
this part in order to carry out the actions specified in Section
53545, and, if so, the amount of bonds to be issued and sold.
Successive issues of bonds may be authorized and sold to carry out
those actions progressively, and are not required to be sold at any
one time. Bonds may bear interest subject to federal income tax.