California Legal Codes and Statutes

§ 53997

Added by Stats. 1988, Ch. 346, Sec. 1.
(a)A local agency’s obligation of contract, with regard to a financial transaction, shall commence when the legislative body adopts a resolution formally adopting, approving, or entering into any financial transaction, or when the treasurer, acting on his or her authority, enters into any financial transaction.
(b)Notwithstanding subdivision (a), the legislative body or the treasurer may commence its obligation of contract, with regard to a financial transaction, at any other point in the financial transaction with the mutual consent of the legislative body or the

treasurer and the other party or parties to the financial transaction.

Cite this section

Cal. Gov. Code § 53997 (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-4-financial-affairs/article-19-obligation-of-contract/section-53997

Other sections in Article 19 - Obligation of Contract

§ 53995§ 53996§ 53997

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.