California Government Code ARTICLE 5.5 - Refunding of Ad Valorem Tax or Assessment Bonds

• Section 59280.
  The legislative body shall have power under this chapter to refund bonds which constitute an indebtedness of a local agency or any improvement district or...
• Section 59281.
  Refunding bonds may be issued under this chapter for the purpose of refunding any indebtedness of the local agency which is evidenced by bonds, whether...
• Section 59282.
  The incidental costs of issuing the refunding bonds may be paid by the purchaser of the refunding bonds or may be paid from any other...
• Section 59283.
  The proceeds of the sale of any refunding bonds shall be deposited in escrow or in trust with any bank or trust company within or...
• Section 59284.
  Such proceeds and reinvestments in escrow or in trust shall be in an amount at the time of the issuance of such refunding bonds sufficient...
• Section 59285.
  Upon the issuance, sale and delivery or exchange of refunding bonds pursuant to this article, if both the refunding bonds and the bonds to be...
• Section 59286.
  In proceeding under the alternatives provided for in this article, it shall be unnecessary for the legislative body to give notice to the bondholders and...

Last modified: October 22, 2018