California Legal Codes and Statutes

§ 53362.7

Added by Stats. 1987, Ch. 1440, Sec. 14.

The total authorized amount of the bonded indebtedness of a district or an improvement area therein, as approved by the qualified voter thereof, shall not be reduced by the principal amount of any refunding bonds issued to refund any or all outstanding bonds of the district or improvement area. This section does not constitute a change in, but is declaratory of, the existing law.

Cite this section

Cal. Gov. Code § 53362.7 (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-2-5-the-mello-roos-community-facilities-act-of-1982/article-5-bonds/section-53362.7

Other sections in Article 5 - Bonds

§ 53345§ 53345.3§ 53345.8§ 53346§ 53348§ 53349§ 53350§ 53351§ 53352§ 53353.5…§ 53363.5§ 53363.7§ 53363.8§ 53363.9§ 53364§ 53364.2§ 53364.5§ 53365§ 53365.5§ 53365.7

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.