California Health and Safety Code ARTICLE 5 - Agency Bonds

• Section 33640.
  From time to time an agency may, subject to the approval of the legislative body, issue bonds for any of its corporate purposes. An agency...
• Section 33641.
  An agency may issue any types of bonds which it may determine, including bonds on which the principal and interest are payable:(a)  Exclusively from the...
• Section 33641.5.
  (a)  As used in this section: (1)  “Collateral” means any revenues, moneys, accounts receivable, contracts rights, and other rights to payment of whatever kind or...
• Section 33642.
  Any of such bonds may be additionally secured by a pledge of any revenues or by an encumbrance by mortgage, deed of trust, or otherwise...
• Section 33643.
  Neither the members of an agency nor any persons executing the bonds are liable personally on the bonds by reason of their issuance.(Added by Stats....
• Section 33644.
  The bonds and other obligations of any agency are not a debt of the community, the State, or any of its political subdivisions and neither...
• Section 33645.
  The agency may authorize bonds by resolution. The resolution, trust indenture, or mortgage may provide for:(a)  The issuance of the bonds in one or more...
• Section 33645.5.
  Notwithstanding Section 33645 or any other provision of law, the rate of interest on any indebtedness or obligation of an agency which is payable to...
• Section 33646.
  The bonds may be sold at no less than par less a discount of not to exceed 5 percent, at public sale held after notice...
• Section 33647.
  If any agency member or officer whose signature appears on bonds or coupons ceases to be such member or officer before delivery of the bonds,...
• Section 33648.
  Bonds issued pursuant to this part are fully negotiable.(Added by Stats. 1963, Ch. 1812.)
• Section 33649.
  In any action or proceedings involving the validity or enforceability of any bonds or their security, any such bond reciting in substance that it has...
• Section 33650.
  In connection with the issuance of bonds, and in addition to its other powers, an agency has the powers prescribed in Sections 33651 to 33659,...
• Section 33651.
  An agency may:(a)  Pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may...
• Section 33652.
  An agency may covenant:(a)  Against pledging all or any part of its rents, fees, and revenues. (b)  Against encumbering all or any part of its...
• Section 33653.
  An agency may:(a)  Covenant as to the bonds to be issued, as to the issuance of such bonds in escrow or otherwise, and as to...
• Section 33654.
  An agency may:(a)  Covenant as to the consideration or rents and fees to be charged in the sale or lease of a redevelopment project, the...
• Section 33655.
  An agency may prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of...
• Section 33656.
  An agency may covenant:(a)  As to the use of any or all of its real or personal property. (b)  As to the maintenance of its...
• Section 33657.
  An agency may:(a)  Covenant as to the rights, liabilities, powers, and duties arising upon the breach by it of any covenant, condition, or obligation. (b)...
• Section 33658.
  An agency may:(a)  Vest in a trustee or the holders of bonds or any proportion of them the right to enforce the payment of the...
• Section 33659.
  An agency may:(a)  Exercise all or any part or combination of the powers granted in Sections 33651 to 33658 inclusive. (b)  Make covenants other than...
• Section 33660.
  In addition to all other rights which may be conferred on him, and subject only to any contractual restrictions binding upon him, an obligee may:(a)...
• Section 33661.
  By its resolution, trust indenture, mortgage, lease, or other contract, an agency may confer upon any obligee holding or representing a specified amount in bonds,...
• Section 33662.
  The bonds are issued for an essential public and governmental purpose, and together with interest on them and income from them are exempt from all...
• Section 33663.
  Notwithstanding any restrictions on investments contained in any laws, the state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers,...
• Section 33664.
  (a)  An agency may purchase its bonds as follows: (1)  At a price not more than the sum of their principal amount and accrued interest...
• Section 33665.
  All of the provisions of this article are subject to the limitations of Article 3 (commencing with Section 33620) of this chapter.(Added by Stats. 1963,...

Last modified: October 22, 2018