California Code, GOV 5901.

California Code, GOV 5901.

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Government Code - GOV

TITLE 1. GENERAL [100 - 7931.000] Â Â ( Title 1 enacted by Stats. 1943, Ch. 134. ) Â Â DIVISION 6. PUBLIC BONDS AND OBLIGATIONS [5000 - 5979] Â Â ( Division 6 enacted by Stats. 1943, Ch. 134. ) Â Â

CHAPTER 11. Public Financing [5900 - 5909] Â Â ( Chapter 11 added by Stats. 1986, Ch. 1389, Sec. 1. )

  5901.  It is the intent of the Legislature that state and local governments be provided with the powers and flexibility necessary and appropriate for them to access the market for bonds which bear interest subject to federal income taxation. (Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)