California Government Code ARTICLE 4 - Tax Increment Bonds

• Section 53398.77.
  The public financing authority may, by majority vote, initiate proceedings to issue bonds pursuant to this chapter by adopting a resolution stating its intent to...
• Section 53398.78.
  The resolution adopted pursuant to Section 53398.77 shall contain all of the following information:(a) A description of the facilities or developments to be financed with the...
• Section 53398.79.
  The clerk of the public financing authority shall publish the resolution adopted pursuant to Section 53398.77 once a day for at least seven successive days...
• Section 53398.80.
  (a) The public financing authority shall submit the proposal to issue the bonds to the voters who reside within the district. If the public financing authority...
• Section 53398.80.5.
  (a) If the public financing authority adopts a resolution proposing initiation of proceedings to issue bonds pursuant to Section 53398.77 for port or harbor infrastructure, it...
• Section 53398.81.
  (a) (1) Except as specified in paragraph (2), the bonds may be issued if 55 percent of the voters voting on the proposition vote in favor of...
• Section 53398.82.
  If any proposition submitted to the voters pursuant to this chapter is defeated by the voters, the public financing authority shall not submit, or cause...
• Section 53398.83.
  The public financing authority may, by majority vote, provide for refunding of bonds issued pursuant to this chapter. However, refunding bonds shall not be issued...
• Section 53398.84.
  The public financing authority or any person executing the bonds shall not be personally liable on the bonds by reason of their issuance. The bonds...
• Section 53398.85.
  The bonds may be sold at discount not to exceed 5 percent of par at public sale. At least five days prior to the sale,...
• Section 53398.86.
  If any member of the public financing authority whose signature appears on bonds ceases to be a member of the public financing authority before delivery...
• Section 53398.87.
  Upon the approval of its governing board, a city, county, or special district that contains territory within the boundaries of a district, may loan moneys...
• Section 53398.88.
  (a) Every two years after the issuance of debt pursuant to Section 53398.81, the district shall contract for an independent financial and performance audit. The audit...

Last modified: October 22, 2018