California Government Code ARTICLE 5 - Bonds

  • Section 53345.
    Whenever the legislative body deems it necessary for the community facilities district to incur a bonded indebtedness, it shall, by resolution, set forth all of...
  • Section 53345.3.
    The amount of the proposed bonded indebtedness may include all costs and estimated costs incidental to, or connected with, the accomplishment of the purpose for...
  • Section 53345.8.
    (a) The legislative body may sell bonds pursuant to this chapter only if it determines prior to the award of sale of bonds that the value...
  • Section 53346.
    The clerk of the legislative body shall publish a notice of the hearing pursuant to Section 6061 in a newspaper of general circulation circulated within...
  • Section 53348.
    At the time and place fixed for the hearing on the resolution declaring the necessity for incurring the bonded indebtedness or at any time and...
  • Section 53349.
    At the hearing any person interested, including persons owning property within the area, may appear and present any matters material to the questions set forth...
  • Section 53350.
    (a) For purposes of financing of, or contributing to the financing of, specified public facilities, the legislative body may by resolution designate a portion or portions...
  • Section 53351.
    After the legislative body has made its determination pursuant to Section 53350, if it deems it necessary to incur the bonded indebtedness, it shall by...
  • Section 53352.
    The resolution provided for in Section 53351 shall constitute the notice of such special bond election and such resolution shall be published in a newspaper...
  • Section 53353.5.
    (a) Propositions relating to the levy of a special tax, the incurring of bonded indebtedness, or to establish or change an appropriations limit, or any combination...
  • Section 53354.
    If the area designated in the resolution adopted pursuant to Section 53351 does not include the entire community facilities district, a separate ballot shall be...
  • Section 53355.
    A two-thirds vote shall be required for the issuance of bonds under authority of this chapter.(Amended by Stats. 2007, Ch. 670, Sec. 102. Effective January...
  • Section 53355.5.
    (a) As an alternate and independent procedure for conducting an election on the proposition to authorize bonded indebtedness for a community facilities district formed pursuant to...
  • Section 53355.7.
    The refusal by a person to undertake or cause to be undertaken an act relating to Chapter 2.5 (commencing with Section 53311) of Part 1...
  • Section 53356.
    If more than two-thirds of the votes cast at the election are in favor of incurring the indebtedness, the legislative body may, by resolution, at...
  • Section 53356.03.
    The proceeds of any bond, note, or other security issued pursuant to this chapter, or the proceeds of any bond, note, or other security issued...
  • Section 53356.05.
    The bond indenture or other bond documents may provide that the legislative body agrees to notify one or more parties, including the underwriter or other...
  • Section 53356.1.
    (a) As a cumulative remedy, if debt is outstanding, the legislative body may, not later than four years after the due date of the last installment...
  • Section 53356.1.5.
    (a) This section applies if delinquent special taxes, together with any penalties, interest, and costs, are collected through the sale of the property by the tax...
  • Section 53356.2.
    (a) When any foreclosure actions are ordered by the local agency or legislative body, or when subsequent installments and interest that are also to be made...
  • Section 53356.3.
    At any time after the tax collector has been relieved of his or her duty to collect sums under Section 53356.2 and before judgment in...
  • Section 53356.4.
    The foreclosure action shall be brought in the name of the local agency or trustee on behalf of the bondholders pursuant to Section 53356.1, and...
  • Section 53356.5.
    (a) Any judgment shall decree the amount of the continuing lien against each parcel to be foreclosed, and shall order the parcel to be sold on...
  • Section 53356.6.
    Property sold hereunder may not be sold for less than the amount of the judgment plus postjudgment interest and authorized costs without the consent of...
  • Section 53356.7.
    No special tax installment, interest or penalties thereon, or deed shall be held invalid for any error in computation if the error is found to...
  • Section 53356.8.
    Provided the legislative body permits bonds or debt to be tendered for special taxes and the penalties and interest thereon pursuant to Section 53344.1, if...
  • Section 53356.9.
    (a) Notwithstanding any other provision of this chapter or any other provision of law applicable to foreclosure action, the judgment of foreclosure and sale of a...
  • Section 53357.
    The bonds shall be signed by the chairperson of the legislative body and countersigned by the clerk of the legislative body or his or her...
  • Section 53357.1.
    (a) In connection with the issuance of bonds in which a property owner agrees, by written consent, to disclose certain information on a continuous basis through...
  • Section 53358.
    When the legislative body provides for the fixing and levying of special taxes and charges for the community facilities district it shall also provide for...
  • Section 53359.
    An action to determine the validity of bonds issued pursuant to this chapter or the validity of any special taxes levied pursuant to this chapter...
  • Section 53359.5.
    (a) The legislative body shall, no later than 30 days prior to the sale of any bonds pursuant to this article, give written notice of the...
  • Section 53359.7.
    Current information on the items listed in Section 53359.5 is a matter of public record, within the meaning of the California Public Records Act, Chapter...
  • Section 53360.
    The community facilities district may sell the bonds so issued at the times or in the manner the legislative body deems to be to the...
  • Section 53360.4.
    Notwithstanding Section 53360, the legislative body may sell bonds at private sale, without advertising for bids, if the legislative body determines that the action would...
  • Section 53360.7.
    The legislative body may provide that bonds shall bear a variable interest rate, and for the manner and intervals in which the rate shall vary....
  • Section 53361.
    Any bonds issued by a district organized under the provisions of this chapter are hereby given the same force, value and use as bonds issued...
  • Section 53361.1.
    All bonds issued by any district payable from taxes or charges are legal investments for all trust funds, for the trust funds of all insurance...
  • Section 53362.
    The legislative body may, by resolution, issue new bonds to refund any or all of the district bonds outstanding or improvement area bonds outstanding that...
  • Section 53362.5.
    Refunding bonds shall not be issued if the total interest cost to maturity on the refunding bonds plus the principal amount of the refunding bonds...
  • Section 53362.7.
    The total authorized amount of the bonded indebtedness of a district or an improvement area therein, as approved by the qualified voter thereof, shall not...
  • Section 53363.
    Except as otherwise provided in this article, the legislative body may issue refunding bonds without repeating any of the procedures required for the approval of...
  • Section 53363.2.
    If the legislative body determines to issue refunding bonds pursuant to this article it shall adopt a resolution providing for their issuance. The resolution shall:(a) Describe...
  • Section 53363.5.
    Any refunding bonds issued pursuant to this article may be exchanged for the bonds to be refunded on such basis as the legislative body determines...
  • Section 53363.7.
    The designated costs of issuing the refunding bonds, as defined by Section 53363.8, may be paid by the purchaser of the refunding bonds or may...
  • Section 53363.8.
    For purposes of this article, the term “designated costs of issuing the refunding bonds” means any of the following costs and expenses designated by the...
  • Section 53363.9.
    (a) The proceeds and investments in the “refunding fund” shall be in an amount sufficient to meet either the requirements of paragraph (1) or paragraph (2)...
  • Section 53364.
    Following the issuance of any refunding bonds pursuant to this article, the treasurer of the local agency shall provide for the payment of principal and...
  • Section 53364.2.
    (a) If further facilities or services are authorized to be financed by the district, savings achieved through the issuance of refunding bonds may be used by...
  • Section 53364.5.
    Any bonds issued by the district may be made callable by resolution of the legislative body adopted at or prior to the time of issuing...
  • Section 53365.
    Notice designating the bonds called for redemption shall be mailed to the underwriter or other first purchaser and to the registered owners of the bonds...
  • Section 53365.5.
    If on the date fixed for redemption, the area has provided funds available for payment of the principal and interest of the bonds called, interest...
  • Section 53365.7.
    (a) The legislative body may, by resolution and without the necessity of calling and holding an election, borrow money in anticipation of the sale of bonds...

Last modified: October 22, 2018