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§ 2.51.080 — Bonds—Purpose

Riverside Municipal Code (Supp. No. 33: codified through Ordinance No. 7776, enacted June 23, 2026) · Riverside Municipal Code § 2.51.080

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2.51.080 - Bonds—Purpose.

The Authority shall have the power to authorize or provide for the issuance of bonds pursuant to this chapter for the purpose of providing funds to pay all or any part of the cost of any project and to refund bonds issued pursuant to this chapter, including the payment of any redemption premium thereon and any interest accrued or to accrue to the date of redemption of such bonds, and for either or both of: A. Constructing improvements, additions, extensions, or enlargements of the project or projects in connection with which the bonds to be refunded shall have been issued; and B. Paying all or any part of the cost of any additional project or projects.

(Ord. 4976 § 3(a), 1981)