California Government Code ARTICLE 4 - Tax Increment Bonds

• Section 53369.40.
  The legislative body may, by majority vote, initiate proceedings to issue bonds pursuant to this chapter by adopting a resolution stating its intent to issue...
• Section 53369.41.
  The resolution adopted pursuant to Section 53369.40 shall contain all of the following information:(a) A description of the facilities to be financed with the proceeds of...
• Section 53369.42.
  The clerk of the legislative body shall publish the resolution adopted pursuant to Section 53369.40 once a day for at least seven successive days in...
• Section 53369.43.
  The legislative body shall submit the proposal to issue the bonds to the voters who reside within the district. The election shall be conducted in...
• Section 53369.44.
  (a) Bonds may be issued only if two-thirds of the voters voting on the proposition vote in favor of authorizing the issuance of the bonds.(b) If the...
• Section 53369.45.
  If any proposition submitted to the voters pursuant to this chapter is defeated by the voters, the legislative body shall not submit, or cause to...
• Section 53369.46.
  The legislative body may, by majority vote, provide for refunding of bonds issued pursuant to this chapter. However, refunding bonds shall not be issued if...
• Section 53369.47.
  The legislative body or any person executing the bonds shall not be personally liable on the bonds by reason of their issuance. The bonds and...
• Section 53369.48.
  (a) The bonds may be sold at discount not to exceed 5 percent of par at a negotiated or public sale. At least five days prior...
• Section 53369.49.
  If any member of the legislative body whose signature appears on bonds ceases to be a member of the legislative body before delivery of the...

Last modified: October 22, 2018