California Education Code CHAPTER 5 - Community College Revenue Bond Act of 1961

• Section 81901.
  (a) The governing board of any community college district may issue revenue bonds pursuant to this chapter.(b) The board, for the purpose of this chapter, has power...
• Section 81902.
  The following terms wherever used in this chapter, or in any indenture entered into pursuant to this chapter, have the following meanings, unless a different...
• Section 81904.
  The validity of the authorization and issuance of any revenue bonds by the board is not dependent on or affected in any way by:(a) Proceedings taken...
• Section 81905.
  The board shall issue revenue bonds in its name and as its obligation, but no bond issued or sold pursuant to this chapter shall be...
• Section 81907.
  The community college board may enter into indentures providing for the aggregate principal amount, date or dates, maturities, interest rates, denominations, form, registration, transfer, and...
• Section 81908.
  (a) An indenture pursuant to which bonds are issued may include any and all covenants and agreements on the part of the board as the board...
• Section 81909.
  An indenture may provide that payments of principal and interest of bonds shall be secured by all or by part of revenues.(Added by Stats. 1982,...
• Section 81925.
  The county treasurer shall act as trustee for the board and the holders of bonds issued pursuant to this chapter. The board may authorize the...
• Section 81926.
  The board shall prescribe the duties and powers of the trustee with respect to the issuance, authentication, sale, and delivery of the bonds and the...
• Section 81927.
  The board may provide for one or several issues of bonds and may issue bonds in series or may divide any issue into one or...
• Section 81928.
  Bonds may be issued as coupon bonds or as registered bonds. The board may provide for the interchange of coupon bonds for registered bonds and...
• Section 81929.5.
  Bonds shall bear interest at a rate of not to exceed 12 percent per annum, payable annually or semiannually, or in part annually and in...
• Section 81930.
  Bonds may be callable upon such terms and conditions, and upon such notice, as the board may determine, and upon the payment of such premium...
• Section 81932.
  The board may provide for the execution and authentication of bonds by the manual, or by lithographed or printed facsimile, signature of officers of the...
• Section 81933.
  Bonds shall bear dates prescribed by the board. Bonds may be serial bonds or sinking fund bonds with such maturities as the board may determine....
• Section 81934.
  Immediately after the adoption of a resolution by the board, directing the preparation of any bonds authorized under this chapter, the county treasurer shall prepare...
• Section 81935.
  When the bonds authorized to be issued under this chapter are duly executed, they shall be sold by the county treasurer, for cash, in such...
• Section 81936.5.
  Bonds may be sold at either public or private sale. The board may fix terms and conditions for the sale or other disposition of any...
• Section 81937.
  The board may provide for the security of bonds. The board may use and expend all or any part of any funds or proceeds of...
• Section 81938.
  All costs and expenses incident to the issuance and sale of bonds may be paid out of the proceeds of the sale of the bonds....
• Section 81939.
  The board may provide that the bonds and the interest thereon shall be secured by all or by part of revenues of a project upon...
• Section 81940.
  Pending the actual issuance or delivery of revenue bonds, the board may issue temporary or interim bonds, certificates or receipts of any denomination whatsoever, and...
• Section 81941.
  The board may provide for the replacement of lost, destroyed, or mutilated bonds or coupons.(Added by Stats. 1982, Ch. 251, Sec. 28. Effective June 11,...
• Section 81942.
  Bonds issued pursuant to the provisions of this chapter and the interest or income therefrom are exempt from all taxation in this state other than...
• Section 81943.
  Notwithstanding any other provision of law, all bonds sold and delivered pursuant to this chapter are legal investments for all trust funds and for the...
• Section 81944.
  The board may provide for the issuance, sale, or exchange of refunding bonds for the purpose of redeeming or retiring any revenue bonds issued under...
• Section 81945.
  Funding or refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all bonds to be funded or...
• Section 81946.
  All bonds issued under the provisions of this chapter are negotiable instruments, except when registered in the name of a registered owner.(Added by Stats. 1982,...
• Section 81947.
  Before issuing any bonds pursuant to this chapter, the board shall by resolution declare the purpose for which the proceeds of the bonds proposed to...
• Section 81949.
  The board may construct any project and acquire all property necessary therefor on such terms and conditions as it may deem advisable. When any part...
• Section 81950.
  Title to all property acquired by the board and the revenues and income therefrom is in the community college district. The title to any moneys,...
• Section 81951.
  At all times the operation, maintenance, control, repair, construction, reconstruction, alteration, and improvement of any project are vested in the board subject to authorized leases...
• Section 81952.
  The board may use for the payment of the costs of acquisition, construction, or completion of any project, any funds made available to the board...
• Section 81955.
  When authorized by resolution of the board, as provided in this chapter, the county treasurer shall prepare and procure the printing or engrossing of bonds,...
• Section 81956.
  The board shall fix rents, charges, and fees for all projects acquired, constructed, or completed under the terms of this chapter for the use thereof...
• Section 81960.
  The holder of any bond issued pursuant to this chapter may by mandamus or other appropriate proceeding require and compel the performance of any of...
• Section 81961.
  The proceeds from the sale of all bonds authorized under the provisions of this chapter shall be deposited forthwith by the county treasurer, on order...
• Section 81962.
  All revenues received from the operation of any project acquired or constructed by the board under the provisions of this chapter shall be transmitted by...
• Section 81963.
  For the payment of the principal and interest of the bonds authorized to be issued under this chapter, a fund as designated by the California...
• Section 81964.
  Any balance remaining in any of the funds created by this chapter after payment of all costs, expenses, and charges authorized to be expended therefrom,...
• Section 81965.
  Moneys in the designated construction fund of each district may be invested by the board, subject only to the limitations contained in an indenture providing...
• Section 81966.
  After all of the revenue bonds are fully paid and discharged, or provision for their payment and discharge has been irrevocably made, any surplus moneys...

Last modified: October 22, 2018