California Government Code ARTICLE 4 - Reimbursement Agreements

• Section 53190.
  If the legislative body determines by ordinance to proceed with the establishment of the district pursuant to subdivision (b) of Section 53184, the legislative body,...
• Section 53190.5.
  A reimbursement agreement shall contain both of the following provisions:(a) A requirement that the investor advance funds to the local agency to be used by the...
• Section 53191.
  The investor’s interest in a reimbursement agreement may be negotiable and divisible, as specified in the agreement.(Added by Stats. 1986, Ch. 1512, Sec. 1.)
• Section 53191.5.
  The obligations of the local agency arising from the reimbursement agreement shall be secured by a pledge of the revenues arising from the contingent or...
• Section 53192.
  Any obligations arising from the reimbursement agreement are not a debt of the local agency, or a legal or equitable pledge, charge, lien, or encumbrance...
• Section 53192.5.
  All income received by the investor from the fund is exempt from taxation in this state, except gift, inheritance, and estate taxes.(Added by Stats. 1986,...
• Section 53193.
  The reimbursement agreement may provide for the terms and conditions under which the investor may enforce the convenants and duties imposed by the agreement.(Added by...
• Section 53193.5.
  The local agency shall preserve and protect the security of the reimbursement agreement and the rights of the investor against all claims and demands of...
• Section 53194.
  The investor may enforce his or her rights against the local agency, its legislative body, or any of its officers, agents, or employees, and compel...
• Section 53194.5.
  The remedies conferred upon the investor by this chapter do not exclude any other remedy. Each remedy is cumulative and in addition to every other...

Last modified: October 22, 2018