California Government Code ARTICLE 6.5 - Building Certificates

• Section 53800.
  The following terms whenever used in this article have the meanings given in this section except where the context clearly indicates otherwise:(a) “Local agency” means any...
• Section 53801.
  The board may issue certificates to the investing agency pursuant to this article to obtain funds to pay the cost of public buildings, secure the...
• Section 53802.
  Certificates issued pursuant to this article are negotiable instruments and are transferable between local agencies and state agencies or between such agencies and other persons...
• Section 53803.
  The board has no power at any time or in any manner to pledge the credit or taxing power of the local agency.(Added by Stats....
• Section 53804.
  The preparation of plans and specifications of any public building constructed pursuant to this article shall be the responsibility of the board.(Added by Stats. 1959,...
• Section 53805.
  The local agency shall be responsible for the maintenance and repair of all public buildings constructed, acquired or operated by the board.(Added by Stats. 1959,...
• Section 53806.
  The certificates shall be authorized by resolutions of the board, and shall bear such dates, mature at such time or times not exceeding 25 years...
• Section 53807.
  The certificates shall be sold by the board at their face value to the investing agency. Such certificates are a legal investment by the investing...
• Section 53808.
  Any resolutions authorizing the issue of certificates may contain provisions which are part of the contract with the investing agency as to:(a) Pledging all or any...
• Section 53809.
  The board may provide, by resolution, for the issuance of refunding certificates for the purpose of refunding any certificates of the board issued pursuant to...
• Section 53810.
  The treasurer of the local agency shall act as trustee for the board and the holders of the certificates issued under this article and the...
• Section 53811.
  The rights and remedies conferred by this article upon or granted to certificate holders are in addition to and not in limitation of any rights...
• Section 53812.
  A trustee, appointed pursuant to Section 53811, or acting under a deed of trust, indenture, or other agreement, whether or not all certificates have been...
• Section 53813.
  In addition to all other rights and all other remedies the holder of certificates of the board may by an action at law enforce his...
• Section 53814.
  All money received by the board from whatever source derived, shall be transmitted by the board at least once in every calendar month to the...

Last modified: October 22, 2018