California Government Code ARTICLE 2 - Power to Issue Revenue Bonds

• Section 6540.
  As used in this article “bonds” means revenue bonds, notes or other evidences of indebtedness.(Repealed and added by Stats. 1955, Ch. 329.)
• Section 6541.
  “Bondholder” or “holder of bonds” or any similar term, as used in this article, shall mean any person who shall be the bearer of any...
• Section 6542.
  “Entity” as used in this article means any agency, board or commission provided for by a joint powers agreement pursuant to Article 1 of this...
• Section 6542.1.
  “Fair and exhibition authority,” as used in this article, means an entity created by a joint powers agreement for the purpose of financing or otherwise...
• Section 6542.5.
  “Local agency” as used in this article means any public agency designated in Section 6500 other than the federal government or any federal department or...
• Section 6543.
  “Governing body” as used in this article means the board or commission provided for by a joint powers agreement, pursuant to Article 1 of this...
• Section 6544.
  “Indenture” as used in this article means the instrument providing the terms and conditions for the issuance of the revenue bonds, and may be a...
• Section 6545.
  “Project” as used in this article includes buildings, structures, improvements and all facilities appurtenant thereto or provided therefor together with land and offstreet parking facilities...
• Section 6546.
  In addition to other powers, any agency, commission, or board provided for by a joint powers agreement pursuant to Article 1 (commencing with Section 6500)...
• Section 6546.1.
  In the County of Los Angeles, any agency, commission, or board provided for by joint powers agreement entered into by cities pursuant to Article 1...
• Section 6546.2.
  In addition to other powers, any agency, commission or board provided for by joint powers agreement pursuant to Article 1 (commencing with Section 6500) of...
• Section 6546.3.
  Notwithstanding any other provision of law, any local agency entering into one or more leases or rental contracts or agreements with a joint powers entity...
• Section 6546.4.
  The governing body of any local agency adopting an ordinance pursuant to Section 6546.3 shall call an election for purposes of submitting to the qualified...
• Section 6546.5.
  In the event that two-thirds of the votes cast in an election called pursuant to Section 6546.4 are against adoption of the ordinance, no ordinance...
• Section 6546.5.a.
  For purposes of an agency, commission, or board that is authorized pursuant to subdivision (g) of Section 6546 to issue revenue bonds for facilities for...
• Section 6546.6.
  In addition to any other powers, any agency, commission, or board provided for by joint powers agreement entered into by cities pursuant to Article 1...
• Section 6546.7.
  Public agencies may enter into a joint powers agreement for the purposes of creating a fair and exhibition authority with the power to issue revenue...
• Section 6546.11.
  In addition to other powers, any joint powers entity created to exercise the powers granted by Chapter 8 (commencing with Section 33750) of Part 1...
• Section 6546.12.
  In any county with a population determined by the last official census of 4,000,000 or more, any agency, commission, or board provided for by joint...
• Section 6546.13.
  (a) The Alameda Corridor Transportation Authority, or its successor organization, may issue revenue bonds pursuant to this article or bonds pursuant to Article 4 (commencing with...
• Section 6547.
  The power of the entity to issue revenue bonds is additional to the powers common to the parties to the joint powers agreement, but shall...
• Section 6547.1.
  Any entity which shall have been authorized to exercise the power to issue revenue bonds pursuant to this article shall have the further additional power...
• Section 6547.2.
  Notice of the enactment of an ordinance subject to referendum under Section 6547 shall be published after adoption as required by Section 6040.1 within 15...
• Section 6547.3.
  In the event that an ordinance enacted pursuant to Section 6547 authorizing the entity to issue revenue bonds is subjected to a successful referendum election...
• Section 6547.4.
  Except for the requirement of an ordinance and the right to referendum thereon, the amendments to Section 6547 adopted at the 1971 Regular Session of...
• Section 6547.5.
  A joint powers entity created pursuant to this chapter may issue revenue bonds pursuant to this article upon authorization by ordinance of only those individual...
• Section 6547.6.
  A joint powers entity created pursuant to this chapter may incur other forms of indebtedness pursuant to Section 6547.1 for one or more projects specified...
• Section 6547.7.
  A joint powers entity created pursuant to this chapter may issue mortgage revenue bonds pursuant to Part 5 (commencing with Section 52000) of Division 31...
• Section 6547.8.
  No member of the governing body of the authority shall be personally liable on the bonds or be subject to any personal liability or accountability...
• Section 6547.9.
  The Treasurer is designated as an elected representative for federal tax purposes of a joint powers agency created pursuant to this chapter. In the discretion...
• Section 6548.
  The revenue bonds may be issued to provide all or any part of the funds required for the acquisition, construction and financing of said project,...
• Section 6548.5.
  The level of fees or charges imposed by, or on behalf of, an agency or entity for the issuance of bonds pursuant to this article...
• Section 6549.
  An indenture providing the terms and conditions for the issuance of the bonds and the covenants relating thereto shall be adopted in or approved by...
• Section 6550.
  The principal and interest of the bonds shall be payable:(a) First, out of the revenue derived from the operation of the project or projects for which...
• Section 6551.
  Revenue bonds issued under this article and contracts or obligations entered into to carry out the purposes for which bonds are issued, payable in whole...
• Section 6552.
  All bonds issued by the entity shall contain a recital on their face that neither the payment of the principal or any part thereof nor...
• Section 6553.
  The indenture authorizing the issuance of the bonds shall recite the objects and purposes for which the bonds are to be issued, which may include...
• Section 6554.
  The indenture authorizing the issuance of such bonds shall provide the denomination or denominations of the bonds, the medium of payment of principal thereof and...
• Section 6555.
  In the indenture authorizing the issuance of said bonds the governing body may also fix additional terms and conditions and may in any article, section...
• Section 6556.
  Said indenture may provide the terms and conditions under which said bonds may be paid, redeemed before maturity (including the premiums, if any, to be...
• Section 6557.
  Said indenture may include covenants or other provisions relating to the bonds issued thereunder requiring the entity to fix, prescribe and collect rates, tolls, fees,...
• Section 6558.
  The indenture may include covenants or other provisions, other than or in lieu of the provisions required by Article 1 (commencing with Section 6500) of...
• Section 6559.
  The indenture may include a covenant or other provision relating to the insurance upon such project, or any part thereof, against any or all risks,...
• Section 6560.
  The indenture may include a covenant or other provision containing prohibitions against or limitations upon the sale, lease or other disposition of such project or...
• Section 6561.
  The indenture may contain covenants or other provisions providing for prohibitions against or limitations upon the issuance of any additional bonds or the incurring of...
• Section 6562.
  The indenture may contain covenants or other provisions whereby the consent or agreement of a stated percentage or number of the holders of the bonds...
• Section 6563.
  The indenture may provide for the issuance of a duplicate in the manner and upon such terms and conditions as the governing body of the...
• Section 6564.
  The indenture may include a covenant or provision against the entering into of any agreement which impairs the operation of the project or any part...
• Section 6565.
  The indenture may provide for events of default and the terms upon which the bonds may be declared due before maturity and the terms upon...
• Section 6566.
  The indenture may provide for the rights, liabilities, powers and duties arising upon the entity’s breach of any covenants, conditions or obligations of the indenture.(Added...
• Section 6567.
  The indenture may provide for a fiscal agent and the deposit of funds therewith.(Added by Stats. 1955, Ch. 329.)
• Section 6568.
  The indenture may contain any other provision or covenant valid under the Constitutions of the State of California and the United States of America which...
• Section 6569.
  The indenture authorizing the issuance of said bonds and all resolutions or orders in the proceeding for the issuance of said bonds shall constitute a...
• Section 6570.
  Any bonds issued under this act shall be payable within not more than forty (40) years from the date of issue thereof. No bond may...
• Section 6571.
  The bonds shall be issued and sold as the governing body may determine and for not less than par and accrued interest to date of...
• Section 6571.2.
  Any joint powers agency which, prior to January 1, 1972, has issued revenue bonds pursuant to Section 6571.1 of this article for the purpose of...
• Section 6572.
  The bonds shall be secured by a pledge of and lien upon the revenues of the project described in the indenture authorizing the issuance of...
• Section 6573.
  So long as any bonds or interest coupons thereof are outstanding and unpaid, the revenues and interest thereon shall not be used for any purpose...
• Section 6574.
  The entity shall operate, maintain and preserve the project in good repair and working order, and shall operate the project in an efficient and economical...
• Section 6575.
  All bonds and the interest thereon or income therefrom are exempt from all taxation in this State other than gift, inheritance and estate taxes.(Added by...
• Section 6576.
  The entity may provide for the issuance, sale or exchange of refunding bonds for the purpose of redeeming or retiring any revenue bonds issued by...
• Section 6577.
  Funding or refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all of the following:(a) All bonds to...
• Section 6578.
  This article shall be liberally construed to effectuate its purposes.(Added by Stats. 1955, Ch. 329.)
• Section 6579.
  In addition to the revenue bonds authorized by this article, an agency or entity established pursuant to the provisions of this chapter may also issue...
• Section 6579.5.
  In addition to the revenue bonds authorized by this article and in addition to other powers, any agency, commission, or board provided for by a...

Last modified: October 22, 2018