California Legal Codes and Statutes

§ 53585

Repealed and added by Stats. 1985, Ch. 1033, Sec. 16. Effective September 27, 1985.

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.

Cite this section

Cal. Gov. Code § 53585 (2026)
https://ca.codecond.com/codes/gov/title-5-local-agencies/division-2-cities-counties-and-other-agencies/part-1-powers-and-duties-common-to-cities-counties-and-other-agencies/chapter-3-bonds/article-11-provisions-applicable-to-all-refunding-bonds-of-all-local-agencies/section-53585

Other sections in Article 11 - Provisions Applicable to All Refunding Bonds of All Local Agencies

§ 53580§ 53581§ 53582§ 53583§ 53583.5§ 53584§ 53584.1§ 53585§ 53585.1§ 53586§ 53587§ 53588§ 53589§ 53589.5

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 15, 2026.