California Government Code ARTICLE 2 - Funding Judgments With Bonds

• Section 975.
  As used in this article:(a) “Board” means the governing body of a local taxing entity.(b) “Local taxing entity” means a local public entity that has the power...
• Section 975.2.
  Whenever the board deems it necessary for the local taxing entity to incur a bonded indebtedness to fund all or any portion of an outstanding...
• Section 975.4.
  Notice of the hearing shall be given by publication of a copy of the resolution pursuant to Section 6066 in a newspaper of general circulation...
• Section 975.6.
  The copy of the resolution published or posted shall be accompanied by a notice subscribed by the clerk or secretary of the local taxing entity...
• Section 975.8.
  At the time and place fixed for the hearing on the resolution or at any time and place to which the hearing is adjourned, the...
• Section 976.
  After the board has made its determination pursuant to Section 975.8, if it deems it necessary to incur the bonded indebtedness, it shall by resolution...
• Section 976.2.
  The resolution made pursuant to Section 976 shall constitute the notice of such election and such resolution shall be published pursuant to Section 6066 in...
• Section 976.4.
  The board shall provide for holding the election in the same manner as provided by law in respect to general elections of the local taxing...
• Section 976.6.
  Every elector authorized to vote in general elections of the local taxing entity may vote on the proposition to authorize the bonds.(Added by Stats. 1963,...
• Section 976.8.
  If two-thirds or more of the votes cast upon the proposition at the election are in favor of incurring the bonded indebtedness, the board may...
• Section 977.
  The board shall prescribe the form of the bonds. The bonds may be issued in denominations not to exceed one thousand dollars ($1,000) and not...
• Section 977.2.
  The board may provide for the redemption of bonds issued under this article before maturity at prices determined by it. A bond shall not be...
• Section 977.4.
  The bonds shall be signed by the presiding officer of the board and countersigned by the clerk or secretary of the local taxing entity, and...
• Section 977.6.
  The local taxing entity may sell the bonds at the times or in the manner the board deems to be to the public interest. The...
• Section 977.8.
  An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2...
• Section 978.
  Any bonds issued by any local taxing entity under the provisions of this article have the same force, value and use as bonds issued by...
• Section 978.2.
  Bonds issued under this article constitute general obligations of the local taxing entity for the payment of both principal and interest of which all property...
• Section 978.4.
  The proceeds from the sale of bonds issued pursuant to this article shall not be used for any purpose other than the purpose stated in...
• Section 978.6.
  The board may by resolution adopted by two-thirds vote of all its members declare that no part of a described bond issue authorized under this...
• Section 978.8.
  The authority provided in this article is in addition and supplementary to any other law authorizing public entities to issue bonds to fund an outstanding...

Last modified: October 22, 2018