California Code
PART 1 - POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
CHAPTER 4 - Financial Affairs

ARTICLE 1 - Investment of Surplus

Section 53600. - 53600. As used in this article, “local agency” means county,...

Section 53600.3. - 53600.3. Except as provided in subdivision (a) of Section 27000.3,...

Section 53600.5. - 53600.5. When investing, reinvesting, purchasing, acquiring, exchanging, selling, or managing...

Section 53600.6. - 53600.6. The Legislature hereby finds that the solvency and creditworthiness...

Section 53601. - 53601. This section shall apply to a local agency that...

Section 53601. - 53601. This section shall apply to a local agency that...

Section 53601.1. - 53601.1. The authority of a local agency to invest funds...

Section 53601.2. - 53601.2. As used in this article, “corporation” includes a limited...

Section 53601.5. - 53601.5. The purchase by a local agency of any investment...

Section 53601.6. - 53601.6. (a) A local agency shall not invest any funds...

Section 53601.6. - 53601.6. (a) A local agency shall not invest any funds...

Section 53601.8. - 53601.8. Notwithstanding any other provision of this code, a local...

Section 53601.8. - 53601.8. Notwithstanding any other provision of this code, a local...

Section 53602. - 53602. The legislative body shall invest only in notes, bonds,...

Section 53603. - 53603. The legislative body may make the investment by direct...

Section 53604. - 53604. The legislative body may sell, or exchange for other...

Section 53605. - 53605. From time to time, the legislative body shall sell...

Section 53606. - 53606. The bonds purchased, which were issued by the purchaser,...

Section 53607. - 53607. The authority of the legislative body to invest or...

Section 53608. - 53608. The legislative body of a local agency may deposit...

Section 53609. - 53609. Notwithstanding the provisions of this chapter or any other...

Section 53610. - 53610. (a) For purposes of this section, “Proposition 1A receivable”...

ARTICLE 1.5 - Health Fund Investments

Section 53620. - 53620. Notwithstanding Section 53601 or 53635, the governing body of...

Section 53621. - 53621. The authority of the governing body to invest or...

Section 53622. - 53622. (a) Funds intended for the payment of employee retiree...

ARTICLE 2 - Deposit of Funds

Section 53630. - 53630. As used in this article: (a) “Local agency” means...

Section 53630.1. - 53630.1. The Legislature hereby finds that the solvency and creditworthiness...

Section 53630.5. - 53630.5. (a) The definitions in Section 1670 of, and Chapter...

Section 53631. - 53631. Under those conditions as the treasurer of a local...

Section 53632. - 53632. There are three classes of deposits: (a) Inactive deposits....

Section 53632.5. - 53632.5. There are three classes of security for deposits: (a)...

Section 53633. - 53633. The treasurer shall determine the amounts of money to...

Section 53634. - 53634. The treasurer may call in money from inactive deposits...

Section 53635. - 53635. (a) This section shall apply to a local agency...

Section 53635.2. - 53635.2. As far as possible, all money belonging to, or...

Section 53635.7. - 53635.7. In making any decision that involves borrowing in the...

Section 53635.8. - 53635.8. Notwithstanding any other provision of this code, a local...

Section 53636. - 53636. Money so deposited is deemed to be in the...

Section 53637. - 53637. The money shall be deposited in any bank, savings...

Section 53638. - 53638. (a) The deposit shall not exceed the shareholder’s equity...

Section 53639. - 53639. (a) Except as otherwise provided in Section 53682, the...

Section 53640. - 53640. Except as otherwise provided in Section 53682, the depository...

Section 53641. - 53641. When money is deposited in a depository, the treasurer...

Section 53642. - 53642. The money deposited may be drawn out by check...

Section 53643. - 53643. The treasurer may deposit any part of the money...

Section 53644. - 53644. If an agreement is not made: (a) Active deposits...

Section 53645. - 53645. Interest shall be computed and paid by the depository,...

Section 53646. - 53646. (a) (1) In the case of county government, the...

Section 53647. - 53647. (a) Interest on all money deposited belongs to, and...

Section 53647.5. - 53647.5. Notwithstanding any other provision of law, interest earned on...

Section 53648. - 53648. Notwithstanding this article, the treasurer may deposit moneys in,...

Section 53648.5. - 53648.5. Upon the removal by federal law of the conflicting...

Section 53649. - 53649. The treasurer is responsible for the safekeeping of money...

Section 53651. - 53651. Eligible securities are any of the following: (a) United...

Section 53651.2. - 53651.2. (a) To be an eligible security under subdivision (m)...

Section 53651.4. - 53651.4. (a) A depository that uses eligible securities of the...

Section 53651.6. - 53651.6. (a) To be an eligible security under subdivision (p)...

Section 53652. - 53652. To secure active or inactive deposits a depository shall...

Section 53653. - 53653. When in his or her discretion local conditions so...

Section 53654. - 53654. (a) The depository may add securities to the pool...

Section 53655. - 53655. A placement of securities by a depository with an...

Section 53656. - 53656. (a) At the time the treasurer enters into a...

Section 53657. - 53657. (a) No person shall act as an agent of...

Section 53658. - 53658. An agent of a depository may hold and pool...

Section 53659. - 53659. Whenever an agent of depository accepts securities pursuant to...

Section 53660. - 53660. When deposits of a local agency are secured by...

Section 53661. - 53661. (a) The Commissioner of Financial Protection and Innovation shall...

Section 53663. - 53663. (a) Each agent of depository shall report in writing...

Section 53664. - 53664. The individual reports specified in Sections 53654, 53660, 53661,...

Section 53665. - 53665. If a depository fails to pay all or part...

Section 53666. - 53666. The only liability that shall attach to the administrator...

Section 53667. - 53667. (a) Expenses incurred by the administrator in carrying out...

Section 53669. - 53669. The treasurer or other authorized official is not responsible...

Section 53676. - 53676. The treasurer is not responsible for securities delivered to...

Section 53678. - 53678. The charges for the handling and safekeeping of any...

Section 53679. - 53679. So far as possible, all money belonging to a...

Section 53679.1. - 53679.1. Notwithstanding any other provision of law, the accounting practices...

Section 53680. - 53680. A tax collector of a local agency shall immediately...

Section 53681. - 53681. An officer or employee of a local agency who...

Section 53682. - 53682. Notwithstanding any other provision in this article except Section...

Section 53683. - 53683. Notwithstanding any other provision in this article, the consideration...

Section 53684. - 53684. (a) Unless otherwise provided by law, if the treasurer...

Section 53686. - 53686. (a) Any audit conducted relating to the investment of...

ARTICLE 2.5 - Sale of Securities

Section 53690. - 53690. For the purposes of this article: (a) “Local agency”...

Section 53691. - 53691. (a) A financial advisory relationship shall be deemed to...

Section 53692. - 53692. In addition to any other requirement imposed by law,...

ARTICLE 3 - Federal Aid

Section 53700. - 53700. A county, city, municipal corporation, or district may do...

Section 53701. - 53701. Notwithstanding any other law, except limitations imposed by the...

Section 53702. - 53702. A county, city, district, political subdivision, or a public...

Section 53703. - 53703. A county or city may do all acts necessary...

Section 53704. - 53704. A city, county or city and county which has...

Section 53705. - 53705. A city, county or city and county may appropriate...

Section 53706. - 53706. “Priority expenditures” for which the State and Local Fiscal...

ARTICLE 3.5 - Proceeds of Taxes

Section 53715. - 53715. As used in Article XIII B of the California...

ARTICLE 3.6 - Public Library Special Taxes

Section 53717. - 53717. (a) Pursuant to Section 4 of Article XIII A...

Section 53717.2. - 53717.2. A tax imposed pursuant to this article is a...

Section 53717.4. - 53717.4. This article does not apply to any special tax...

Section 53717.6. - 53717.6. This article does not apply to any special tax...

ARTICLE 3.7 - Voter Approval of Taxes

Section 53720. - 53720. DEFINITIONS. As used in this Article: (a) “local government”...

Section 53721. - 53721. All taxes are either special taxes or general taxes....

Section 53722. - 53722. No local government or district may impose any special...

Section 53723. - 53723. No local government, or district, whether or not authorized...

Section 53724. - 53724. (a) A tax subject to the vote requirements prescribed...

Section 53725. - 53725. (a) Except as permitted in Section 1 of Article...

Section 53726. - 53726. Except as set forth in Section 53727, this Article...

Section 53727. - 53727. (a) Neither this Article, nor Article XIII A of...

Section 53728. - 53728. If any local government or district imposes any tax...

Section 53729. - 53729. This Article may only be amended by vote of...

Section 53730. - 53730. If any provision of this Article, or the application...

ARTICLE 3.8 - Hospital Districts: Special Taxes

Section 53730.01. - 53730.01. A hospital district established pursuant to Division 23 (commencing...

Section 53730.02. - 53730.02. This article does not apply to any special tax...

ARTICLE 4 - Capital Outlay Fund

Section 53730.5. - 53730.5. As used in this article, “local agency” means a...

Section 53731. - 53731. By ordinance, the legislative body of a local agency...

Section 53732. - 53732. In making a levy, the legislative body shall not...

Section 53733. - 53733. If the local agency is a city or county...

Section 53734. - 53734. In a local agency required to adopt a budget,...

Section 53735. - 53735. At any time after the creation of the fund...

Section 53737. - 53737. The term “capital outlays” does not include the construction,...

ARTICLE 4.3 - Local Levies

Section 53739. - 53739. (a) An ordinance or resolution presented for voter approval...

ARTICLE 4.5 - Tort Liability Fund

Section 53740. - 53740. As used in this article, “local agency” means city,...

Section 53741. - 53741. By ordinance, the legislative body of a local agency...

Section 53742. - 53742. In making a levy, the legislative body shall not...

Section 53743. - 53743. If the local agency is a city or county...

Section 53744. - 53744. In a local agency required to adopt a budget,...

Section 53745. - 53745. At any time after the creation of the fund...

Section 53746. - 53746. The fund shall be used exclusively for the payments...

Section 53747. - 53747. This article is applicable only in counties with a...

ARTICLE 4.6 - Proposition 218 Omnibus Implementation Act

Section 53750. - 53750. For purposes of Article XIII C and Article XIII...

Section 53750.5. - 53750.5. (a) The Legislature finds and declares all of the...

Section 53751. - 53751. The Legislature finds and declares all of the following:...

Section 53752. - 53752. The Department of General Services shall develop compliance standards...

Section 53753. - 53753. (a) The notice, protest, and hearing requirements imposed by...

Section 53753.5. - 53753.5. (a) If an agency has complied with the notice,...

Section 53754. - 53754. (a) The legislative body collecting assessment installments to secure...

Section 53755. - 53755. (a) (1) The notice required by paragraph (1) of...

Section 53755.5. - 53755.5. When an agency proposes to impose or increase any...

Section 53756. - 53756. An agency providing water, wastewater, sewer, or refuse collection...

Section 53758. - 53758. For purposes of Article XIII C of the California...

ARTICLE 4.7 - Legal Actions Challenging Revenue Measures for Water or Sewer Service

Section 53759. - 53759. (a) Any judicial action or proceeding to attack, review,...

ARTICLE 5 - Bankruptcy

Section 53760. - 53760. A local public entity in this state may file...

Section 53760.1. - 53760.1. As used in this article the following terms have...

Section 53760.3. - 53760.3. (a) A local public entity may initiate the neutral...

Section 53760.5. - 53760.5. Notwithstanding Section 53760.3, a local public entity may file...

Section 53760.7. - 53760.7. This article shall not impose any liability or responsibility,...

Section 53760.9. - 53760.9. (a) Notwithstanding any other law, including, but not limited...

ARTICLE 6 - Exceeding the Budget

Section 53790. - 53790. Notwithstanding budget limitations and restrictions imposed by law except...

Section 53791. - 53791. A city, county, or district may make all transfers...

Section 53792. - 53792. By a four-fifths vote of all the members at...

ARTICLE 6.5 - Building Certificates

Section 53800. - 53800. The following terms whenever used in this article have...

Section 53801. - 53801. The board may issue certificates to the investing agency...

Section 53802. - 53802. Certificates issued pursuant to this article are negotiable instruments...

Section 53803. - 53803. The board has no power at any time or...

Section 53804. - 53804. The preparation of plans and specifications of any public...

Section 53805. - 53805. The local agency shall be responsible for the maintenance...

Section 53806. - 53806. The certificates shall be authorized by resolutions of the...

Section 53807. - 53807. The certificates shall be sold by the board at...

Section 53808. - 53808. Any resolutions authorizing the issue of certificates may contain...

Section 53809. - 53809. The board may provide, by resolution, for the issuance...

Section 53810. - 53810. The treasurer of the local agency shall act as...

Section 53811. - 53811. The rights and remedies conferred by this article upon...

Section 53812. - 53812. A trustee, appointed pursuant to Section 53811, or acting...

Section 53813. - 53813. In addition to all other rights and all other...

Section 53814. - 53814. All money received by the board from whatever source...

ARTICLE 7 - Temporary Borrowing

Section 53820. - 53820. As used in this article, “local agency” means county,...

Section 53821. - 53821. Subsequent to approval of the final budget and levy...

Section 53821.5. - 53821.5. Proceeds of sales or funds set aside for the...

Section 53822. - 53822. Money may be borrowed on notes, tax anticipation warrants,...

Section 53823. - 53823. In addition, a school district, county board of education,...

Section 53824. - 53824. All such notes, tax anticipation warrants, or other evidences...

Section 53825. - 53825. The resolution shall state the necessity for the borrowing...

Section 53826. - 53826. All such notes, tax anticipation warrants, or other evidences...

Section 53827. - 53827. The sale shall be made to the bidder offering...

Section 53828. - 53828. The notes, tax anticipation warrants, or other evidences of...

Section 53829. - 53829. The repayment of money borrowed by a county, city,...

Section 53830. - 53830. The repayment of money borrowed by any school district,...

Section 53830.5. - 53830.5. (a) As to any notes, tax anticipation warrants, or...

Section 53831. - 53831. All such notes, tax anticipation warrants, or other evidences...

Section 53832. - 53832. Loans made pursuant to this article shall be made...

Section 53833. - 53833. The legislative body of each local agency may include...

ARTICLE 7.4 - Securitized Limited Obligations Notes

Section 53835. - 53835. As used in this article, “special district” means any...

Section 53836. - 53836. The powers conferred by this article are in addition...

Section 53837. - 53837. (a) A special district may borrow money pursuant to...

Section 53838. - 53838. (a) A special district may issue securitized limited obligation...

Section 53839. - 53839. A special district shall not issue any securitized limited...

ARTICLE 7.5 - Alternate Procedure for Temporary Borrowing

Section 53840. - 53840. It is hereby declared the intention of the Legislature...

Section 53841. - 53841. Any amounts borrowed by a county as provided in...

Section 53841.5. - 53841.5. Proceeds of sales or funds set aside for the...

Section 53842. - 53842. Amounts borrowed as above provided shall be entered to...

Section 53843. - 53843. In any county which finds it necessary to borrow...

Section 53844. - 53844. In any county which qualifies as set forth in...

ARTICLE 7.6 - Temporary Borrowing

Section 53850. - 53850. (a) As used in this article, “local agency” means...

Section 53851. - 53851. The powers conferred by this article are in addition...

Section 53852. - 53852. On or after the first day of any fiscal...

Section 53852.5. - 53852.5. Proceeds of sales or funds set aside for the...

Section 53853. - 53853. (a) The note or notes shall be issued pursuant...

Section 53854. - 53854. Any note issued under this article may be negotiable,...

Section 53855. - 53855. The resolution authorizing the issuance of any note may...

Section 53856. - 53856. Any taxes, income, revenue, cash receipts, or other moneys...

Section 53856.1. - 53856.1. (a) The Board of Supervisors of Orange County, in...

Section 53857. - 53857. Notwithstanding the provisions in Section 53856, any note issued...

Section 53858. - 53858. Notes shall not be issued pursuant to this article...

ARTICLE 7.7 - Grant Anticipation Notes

Section 53859. - 53859. As used in this article: (a) “local agency” means...

Section 53859.01. - 53859.01. The powers conferred by this article are in addition...

Section 53859.02. - 53859.02. (a) A local agency may borrow money pursuant to...

Section 53859.03. - 53859.03. The grant anticipation note or notes shall be issued...

Section 53859.04. - 53859.04. Any grant anticipation note issued under this article may...

Section 53859.05. - 53859.05. The resolution authorizing the issuance of any note may...

Section 53859.06. - 53859.06. Grant or loan funds from the state or federal...

Section 53859.07. - 53859.07. Notwithstanding the provisions of Sections 53854 and 53856, any...

Section 53859.08. - 53859.08. A grant or loan anticipation note or notes shall...

ARTICLE 8 - Delinquent Assessment Acquisition and Sales Law of 1915

Section 53860. - 53860. This article may be cited as the “Delinquent Assessment...

Section 53861. - 53861. As used in this article, “local agency” means city,...

Section 53862. - 53862. To the exclusion of other bidders, a local agency...

Section 53863. - 53863. The legislative body may designate one of its officers...

Section 53864. - 53864. A lien or property acquired by a local agency...

Section 53865. - 53865. The local agency shall not release, assign, sell or...

Section 53866. - 53866. If after public notice the lien or property cannot...

Section 53867. - 53867. If by resolution adopted by a four-fifths vote the...

Section 53868. - 53868. The legislative body shall determine the fair market value...

Section 53869. - 53869. By ordinance or resolution the legislative body may provide...

Section 53870. - 53870. The notice shall specify: (a) The time and place...

Section 53871. - 53871. The notice shall be published at least once in...

Section 53872. - 53872. The sale shall be not less than twenty-one days...

Section 53873. - 53873. On the execution of the deed in a sale...

Section 53874. - 53874. The deed or agreement is prima facie evidence of...

Section 53875. - 53875. On default of the purchaser in a sale on...

Section 53876. - 53876. A local agency may provide and expend a fund...

ARTICLE 8.5 - Notification of Subordinate Interests

Section 53880. - 53880. Notwithstanding any other provision of law, before a water...

Section 53881. - 53881. For purposes of this article, a district shall be...

Section 53882. - 53882. A district that complies with this article shall not...

Section 53883. - 53883. This article applies only to requirements to give notice...

ARTICLE 9 - Financial Reports

Section 53890. - 53890. As used in this article, “local agency” means any...

Section 53891. - 53891. (a) The officer of each local agency who has...

Section 53891.1. - 53891.1. In lieu of the report required in Section 53891,...

Section 53892. - 53892. The report shall state all of the following: (a)...

Section 53892.1. - 53892.1. For the purpose of permitting the compilation of the...

Section 53892.2. - 53892.2. Pursuant to Section 53892, the report shall also contain...

Section 53892.3. - 53892.3. Pursuant to Section 53892, the report shall, in the...

Section 53893. - 53893. Upon the completion of the report the legislative body...

Section 53894. - 53894. An officer of a local agency wilfully and knowingly...

Section 53895. - 53895. (a) An officer of a local agency who fails...

Section 53895.5. - 53895.5. (a) An officer of a community redevelopment agency who...

Section 53895.7. - 53895.7. (a) For the purpose of this section, “agency” means...

Section 53896. - 53896. An officer of a local agency wilfully refusing to...

Section 53897. - 53897. Whenever, under the provisions of Section 12463.1, reports of...

ARTICLE 10 - Local Filing of Financial Reports

Section 53900. - 53900. As used in this article, “local agency” means city...

Section 53901. - 53901. Unless exempted by the county auditor 60 days after...

ARTICLE 10.5 - Local Agency Internet Posting of Financial Information

Section 53908. - 53908. (a) If a local agency, that is required to...

ARTICLE 11 - Payment of Claims

Section 53910. - 53910. In addition to any other provision of law for...

Section 53911. - 53911. The governing body may authorize the use of check-warrant...

Section 53912. - 53912. The governing body, or, in the case of school...

Section 53913. - 53913. When authorized by the governing body, the custodian of...

Section 53914. - 53914. Nothing contained in this chapter (commencing with Section 53910)...

ARTICLE 11.5 - Destruction of Bonds Previously Paid and Canceled

Section 53920. - 53920. As used in this article: (a) “Local agency” means...

Section 53921. - 53921. Under such conditions as the treasurer of a local...

ARTICLE 12 - Proceeds of Sale for Taxes or Assessments

Section 53925. - 53925. This article shall govern the distribution of proceeds of...

Section 53926. - 53926. There shall first be distributed to the general fund...

Section 53927. - 53927. After satisfaction of the amount specified in Section 53926,...

Section 53928. - 53928. After satisfaction of the amounts distributed under Sections 53926...

Section 53929. - 53929. Any party of interest in the property at the...

Section 53929.1. - 53929.1. This article shall not apply to proceedings under the...

ARTICLE 13 - Priority of Special Assessment Liens

Section 53930. - 53930. The purpose of this article is to make uniform...

Section 53931. - 53931. All special assessments in which the amount thereof is...

Section 53932. - 53932. From and after the time for filing or recording...

Section 53933. - 53933. The lien of the special assessment, whether or not...

Section 53934. - 53934. The lien of a reassessment or a refunding assessment...

Section 53935. - 53935. The lien of said assessments shall be coequal to...

Section 53936. - 53936. When, pursuant to any law, the installments of any...

Section 53937. - 53937. All special ad valorem assessments shall have the same...

ARTICLE 13.5 - Payment and Apportionment of Special Assessment Liens

Section 53938. - 53938. As used in this article, “transaction” means negotiated purchase...

Section 53938.5. - 53938.5. (a) If property acquired by a public entity in...

Section 53939. - 53939. If property acquired in a transaction is part of...

ARTICLE 14 - Pleasure Riding Tax

Section 53940. - 53940. This article shall be known and may be cited...

Section 53941. - 53941. The Legislature finds and declares that the owners of...

Section 53942. - 53942. Pursuant to the provisions of this article, a county...

Section 53944. - 53944. For the purposes of this article, the following animals...

Section 53945. - 53945. Revenue derived from a tax imposed under this article...

Section 53946. - 53946. As a method of collecting a tax imposed under...

Section 53947. - 53947. The taxing agency shall provide to the owner of...

ARTICLE 15 - District Revolving Funds

Section 53950. - 53950. As used in this article, “special district” shall mean...

Section 53951. - 53951. As used in this article, “special district” shall not...

Section 53952. - 53952. (a) The governing board of a special district may,...

Section 53953. - 53953. Certified copies of the resolution establishing the revolving fund...

Section 53954. - 53954. (a) Before any money is withdrawn from the county...

Section 53955. - 53955. Upon the receipt of the certified copy of the...

Section 53956. - 53956. The officer designated in the resolution establishing the revolving...

Section 53957. - 53957. Any expenditure in excess of one dollar ($1) shall...

Section 53958. - 53958. Demands shall be made upon the county auditor for...

Section 53959. - 53959. Upon demand of the county auditor or the governing...

Section 53960. - 53960. The governing board may at any time increase, reduce...

Section 53961. - 53961. The governing board of a mosquito abatement district or...

ARTICLE 16 - Police and Fire Protection Funds

Section 53970. - 53970. As used in this article, “local agency” means any...

Section 53971. - 53971. As used in this article, “legislative body” means the...

Section 53971.3. - 53971.3. As used in this article, “police protection services” includes...

Section 53971.4. - 53971.4. (a) As used in this article, “fire protection services”...

Section 53971.5. - 53971.5. As used in this article, “ordinance” includes “resolution” where...

Section 53972.5. - 53972.5. A proposal for the creation of a local agency...

Section 53973. - 53973. The proceedings of any local agency which has, prior...

Section 53978. - 53978. (a) Any local agency which provides fire protection or...

Section 53979. - 53979. (a) Chapter 9 (commencing with Section 860) of Title...

ARTICLE 17 - Community Facilities Plan

Section 53980. - 53980. This article shall be known and may be cited...

Section 53981. - 53981. It is the Legislature’s intent that local agencies pursue...

Section 53982. - 53982. An action to determine the validity of any resolution,...

Section 53983. - 53983. Unless the provision or context otherwise requires, the definitions...

Section 53984. - 53984. Any local agency may adopt a plan which shall...

Section 53985. - 53985. It is the specific intent of this article and...

Section 53986. - 53986. The local agency shall give written notice of the...

Section 53987. - 53987. A local agency and a state agency may enter...

Section 53988. - 53988. On and after the date that an agreement is...

ARTICLE 18 - Local Tax Allocation Agreements to Implement Community Facilities Plan

Section 53990. - 53990. A local agency may enter into an agreement with...

Section 53991. - 53991. No state agency shall, on or after the date...

Section 53992. - 53992. A local agency and state agency may enter into...

ARTICLE 18.5 - Division of Property Taxes

Section 53993. - 53993. (a) Notwithstanding any other law, except as provided in...

ARTICLE 19 - Obligation of Contract

Section 53995. - 53995. As used in this article: (a) “Financial transaction” means...

Section 53996. - 53996. The Legislature hereby finds and declares that a local...

Section 53997. - 53997. (a) A local agency’s obligation of contract, with regard...