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Legal Resources |  |  GC  5806  

Public Bonds and Obligations; Sale of Local Securities   

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As used in this chapter, "public project" means any land, structure, facility or equipment or other personal property, the acquisition, construction or completion of which is to be financed by securities of an issuer if any of the payments of principal of and interest on such securities is to be paid by such issuer from funds derived from rental or other payments which any one or more public bodies has agreed to pay to such issuer under a public leaseback.

(Added by Stats. 1972, Ch. 292, Sec. 1.)