California Codes, Code of Civil Procedure - CCP, Part 2 — Of Civil Actions, Title 10 — Actions in Particular Cases, Chapter 9 — Validating Proceedings, Section 870.5

Any local public agency that pledges sales or retail transaction and use tax revenues received from taxes imposed by another public agency for bond payments or payment of other security obligations shall, in any validation action it files involving those bonds or other obligations, provide written notice thereof to the public agency imposing the taxes pledged as security for the bonds or other obligations at the time it files the validation action.

Notes

Requires a local public agency that pledges sales or retail transaction and use tax revenues imposed by another public agency for bond or other security-obligation payments to give written notice to the tax-imposing agency. The notice must be provided when the local agency files a validation action involving those bonds or obligations.

Use as reference

Lexinter.net | California Code, Code of Civil Procedure - CCP § 870.5 | https://laws.lexinter.net/codes/california/code-of-civil-procedure/part-2/title-10/chapter-9/section-870-5

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