California Legal Codes and Statutes

§ 43720

Added by Stats. 1949, Ch. 79.

The legislative body of any city, except a city and county, may provide for the funding or refunding of outstanding indebtedness pursuant to this article, if either of the following conditions exist:

(a)The city has an outstanding indebtedness evidenced by bonds, warrants, notes or other evidences of indebtedness, or a judgment.
(b)Any department, board, or special fund of the city has an outstanding indebtedness evidenced by bonds, warrants, or notes or other evidences of indebtedness, and such indebtedness has been created for a purpose for which bonds of the city could have been lawfully authorized and issued.

Cite this section

Cal. Gov. Code § 43720 (2026)
https://ca.codecond.com/codes/gov/title-4-government-of-cities/division-4-financial-provisions/chapter-4-bonds/article-3-refunding-indebtedness/section-43720

Other sections in Article 3 - Refunding Indebtedness

§ 43720§ 43721§ 43722§ 43723§ 43724§ 43725§ 43726§ 43727§ 43728§ 43729…§ 43737§ 43738§ 43740§ 43741§ 43742§ 43743§ 43744§ 43745§ 43746§ 43747

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.