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§ 47.0205 — Insurance or Guarantee of Payment

San Diego Municipal Code (City Clerk PDFs, pages revised through October 2026) · San Diego Municipal Code § 47.0205

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§47.0205 Insurance or Guarantee of Payment

The City may obtain, or aid in obtaining, from any department or agency of the United States or of the State of California or any private company, any insurance or guarantee as to, or of, or for the payment or repayment of, interest or principle, or both, or any part thereof, on any loan, lease or sale obligation or any instrument evidencing or securing the same, made or entered into pursuant to the provisions of this article; and may accept payment in such manner and form as provided therein in the event of default by a participating health institution, and may assign any such insurance or guarantee as security for bonds.

(“Insurance or Guarantee of Payment” added 11–13–1979 by O–15074 N.S.)