California Government Code ARTICLE 3 - Special Improvement Bonds

• Section 29950.
  Any county may incur a bonded indebtedness for any of the following purposes.(a) To acquire any bonds:(1) Issued by the county.(2) Issued by or for any district in...
• Section 29951.
  The intent of this article is that investments of county funds shall be made for the purpose of: (a) aiding and facilitating the making of...
• Section 29952.
  Except as otherwise provided in this article, the bonds authorized to be issued pursuant to this article may be issued and sold pursuant to Article...
• Section 29953.
  The interest rate on the bonds need not be the same during their entire term, but different rates may be fixed for one or more...
• Section 29954.
  If the bonds are to be issued to acquire outstanding bonds, the order calling the election shall briefly and generally state what bonds are to...
• Section 29955.
  The bonds shall not be sold at less than their par value, or may be exchanged at their par value for the outstanding bonds, if...
• Section 29956.
  The bonds shall be redeemed and paid pursuant to Article 1.(Added by Stats. 1947, Ch. 424.)
• Section 29957.
  The taxes for the payment of the bonds shall be levied pursuant to Article 1, except where the entire issue is to mature at one...
• Section 29958.
  The county treasurer shall keep the money arising from the sale of bonds issued pursuant to this article separate and distinct from all other county...
• Section 29959.
  The board shall invest and reinvest the money in the general improvement fund in bonds issued by the county or bonds issued for highway, sewer,...
• Section 29960.
  The board shall collect the principal and interest on the bonds and credit the amount collected to the general improvement fund, except that if the...
• Section 29961.
  The board may sell any of the bonds purchased by it at a price not less than that paid. The purchase price of any bonds...
• Section 29962.
  During the time the county owns any district bonds payable from taxes or assessments levied wholly or partially in accordance with the assessed value of...
• Section 29963.
  If any bonds are acquired at less than their par value, the board may reduce the total principal amount of any issue of bonds so...
• Section 29964.
  The ordinance shall designate the issue of bonds to be reduced, the total principal amount of the issue acquired, the purchase price paid, the principal...
• Section 29965.
  Unless prevented by petition protesting the passage of the ordinance, signed and filed with the board pursuant to Section 9144 of the Elections Code, the...
• Section 29966.
  If the bonds canceled are issued pursuant to the Improvement Bond Act of 1915 to pay the cost of any work or improvement made under...
• Section 29967.
  The board may make any issue of bonds issued pursuant to this article mature at one time, not to exceed 20 years after the date...
• Section 29968.
  If the bonds mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due...
• Section 29969.
  If the entire issue of bonds is to mature at one time, such bonds may be called for redemption in numerical order at par and...
• Section 29970.
  At least once each year within 60 days prior to an interest-payment date, if the sinking fund contains sufficient available money to call one or...
• Section 29971.
  At the time and place designated all proposals shall be opened in public. Any or all of the proposals may be rejected in the discretion...
• Section 29972.
  If no proposals are received, or if those received are rejected or are insufficient to exhaust the money available for the redemption of bonds, the...
• Section 29973.
  Notice of the call of bonds for redemption shall be published once a week for two weeks in a newspaper of general circulation published in...
• Section 29974.
  Upon the date fixed for redemption, the bonds called shall be redeemed at par and accrued interest to that date.(Added by Stats. 1947, Ch. 424.)
• Section 29975.
  If any bonds called are not presented for redemption on the date fixed, on the day following a sum sufficient for the payment of the...
• Section 29976.
  This article is intended to provide an alternative system for the issuance of bonds and does not affect any other provision of law for the...

Last modified: October 22, 2018