California Government Code ARTICLE 4 - Local Bond Pooling

• Section 6584.
  This article shall be known and may be cited as the Marks-Roos Local Bond Pooling Act of 1985.(Added by Stats. 1985, Ch. 868, Sec. 6....
• Section 6584.5.
  The Legislature finds and declares all of the following:(a) That there is a critical need within the state to expand, upgrade, and otherwise improve the public...
• Section 6585.
  The definitions in this section shall govern the construction and interpretation of this article.(a) (1) Except as provided in paragraphs (2) and (3), “authority” means an entity...
• Section 6586.
  It is the Legislature’s intent that this article be used to assist local agencies in financing public capital improvements, working capital, liability and other insurance...
• Section 6586.5.
  (a) Notwithstanding Section 6587, an authority, or any entity acting on behalf of or for the benefit of an authority, may not authorize bonds to construct,...
• Section 6586.7.
  (a) A copy of the resolution adopted by an authority authorizing bonds or any issuance of bonds, or accepting the benefit of any bonds or proceeds...
• Section 6587.
  This article does not limit any other law authorizing, or providing for, the financing of public capital improvements. Likewise, this article does not limit any...
• Section 6588.
  In addition to other powers specified in an agreement pursuant to Article 1 (commencing with Section 6500) and Article 2 (commencing with Section 6540), the...
• Section 6588.5.
  (a) An authority that was in existence at the time of the enactment of this section may purchase, with the proceeds of its bonds or its...
• Section 6588.6.
  (a) An authority that was in existence on July 28, 2009, may purchase, with the proceeds of its bonds or its revenue, Proposition 1A receivables from...
• Section 6588.7.
  (a) An authority whose financing activities are limited to financing utility projects and projects for the use or benefit of public water agencies may finance utility...
• Section 6588.8.
  (a) This section shall be known and may be cited as the Water Bill Savings Act.(b) For purposes of this section, the following terms have the following...
• Section 6589.
  An authority may enter into a bond purchase agreement with a local agency or agencies. The bond purchase agreement shall specify the maximum rate of...
• Section 6590.
  The authority may, from time to time, issue its bonds in the principal amount as the authority determines necessary to provide sufficient funds for its...
• Section 6590.1.
  (a) In the case of bonds issued by an authority to acquire local obligations, the offering documents for the bonds shall clearly delineate investment criteria for...
• Section 6590.2.
  (a) An authority shall solicit at least three bids, and select the highest bid, for any guaranteed investment contract purchased with the proceeds of bonds issued...
• Section 6591.
  (a) The authority is authorized from time to time to issue bonds to provide funds to achieve its purposes.(b) Bonds may be authorized to finance any of...
• Section 6591.1.
  (a) No broker, dealer, municipal securities dealer, or other firm that underwrites a bond issue of an authority shall serve as financial advisor or investment advisor...
• Section 6592.
  Any resolution authorizing any bonds or any issue of bonds may contain the following provisions, which shall be a part of the contract with the...
• Section 6592.1.
  A resolution authorizing bonds or any issuance of bonds or accepting the benefit of any bonds or the proceeds of bonds shall be adopted by...
• Section 6592.5.
  (a) No bonds issued by any local agency shall be purchased pursuant to this article by an authority at a price to yield in excess of...
• Section 6593.
  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 6594.
  The authority may, out of any funds available therefor, purchase its bonds. The authority may hold, pledge, cancel, or resell the bonds, subject to, and...
• Section 6595.
  Any bonds issued under this article may be secured by a trust agreement between the authority and a corporate trustee or trustees, which may include...
• Section 6595.3.
  (a) The authority may issue bonds for the purpose of refunding any bonds, notes, or other securities of the authority then outstanding, including the payment of...
• Section 6595.5.
  Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies,...
• Section 6595.7.
  (a) The authority is not required to pay any property taxes or assessments upon, or with respect to, any public capital improvement or any property acquired...
• Section 6596.
  The State of California does hereby pledge to, and agrees with, the holders of any bonds issued under this article, and with those parties who...
• Section 6597.
  All public capital improvements financed by the authority shall pay interest within a reasonable time after the authority receives revenues or proceeds from bonds as...
• Section 6597.5.
  All public capital improvements financed by the authority shall be constructed or completed subject to the rules and regulations of the authority. When the principal...
• Section 6598.
  Interest earned on any bonds issued by the authority shall at all times be free from state personal income tax and corporate income tax.(Added by...
• Section 6598.5.
  Local agencies may request advice from the California Debt and Investment Advisory Commission pursuant to Section 8859 regarding the formation of local bond pooling authorities...
• Section 6599.
  (a) In an action filed pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure to...
• Section 6599.1.
  (a) The legislative body shall, no later than 30 days prior to the sale of any bonds pursuant to this article, give written notice of the...
• Section 6599.2.
  Notwithstanding Sections 863 and 869 of the Code of Civil Procedure, the Attorney General or the Treasurer may jointly or separately file an action pursuant...
• Section 6599.3.
  Notwithstanding any other provision of law, an action may be brought under Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of...

Last modified: October 22, 2018