California Government Code CHAPTER 1 - Counties Transaction and Use Tax

• Section 55800.
  (a) (1) As part of the ballot proposition to approve the imposition of a retail transactions and use tax pursuant to Chapter 2 (commencing with Section 7285)...
• Section 55802.
  (a) The bonds authorized by the voters pursuant to Section 55800 may be issued at any time by the authority and shall be payable from the...
• Section 55803.
  Limited tax bonds issued under this chapter may be used only for the following purposes:(a) To finance the capital outlay expenditures to carry out the purposes...
• Section 55804.
  Limited tax bonds shall be issued pursuant to a resolution adopted at any time, and from time to time, by a two-thirds vote of the...
• Section 55805.
  (a) A resolution providing for the issuance of bonds pursuant to this chapter shall state all of the following: (1) The purposes for which the proposed debt...
• Section 55806.
  The authority may provide for the limited tax bonds to bear a variable or fixed interest rate, for the manner and intervals in which the...
• Section 55807.
  (a) In the resolution authorizing the issuance of the bonds, the authority may also provide for the call and redemption of the bonds prior to maturity...
• Section 55808.
  The principal of, and interest on, the bonds, shall be payable in lawful money of the United States at the office of the treasurer or...
• Section 55809.
  (a) The bonds, or each series thereof, shall be signed by the chairperson or vice chairperson of the governing board of the authority or the treasurer...
• Section 55810.
  The bonds may be sold as the authority determines by resolution, and the bonds may be sold at a price above or below par, whether...
• Section 55811.
  Delivery of any bonds issued pursuant to this chapter may be made at any place either inside or outside the state, and the purchase price...
• Section 55812.
  All accrued interest and premiums received on the sale of the bonds shall be placed in the fund to be used for the payment of...
• Section 55813.
  (a) The authority may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the authority upon the...
• Section 55814.
  Refunding bonds may be issued in a principal amount sufficient to pay all, or any part of, the principal of the outstanding bonds, the premiums,...
• Section 55815.
  (a) The authority may borrow money in anticipation of the sale of bonds which have been authorized pursuant to this chapter, but which have not been...
• Section 55816.
  Any limited tax bonds issued pursuant to this chapter are a legal investment for all trust funds, for the funds of insurance companies, commercial and...
• Section 55817.
  Notwithstanding any other provision of law:(a) The authority and its revenues are exempt from all taxes on, or measured by, income. (b) Bonds issued by the authority...
• Section 55818.
  (a) Bonds issued pursuant to this chapter do not constitute a debt or liability of the state or of any other public agency, other than the...
• Section 55819.
  Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this chapter or the...
• Section 55820.
  The authority has no power to impose any tax other than the transactions and use tax imposed upon approval of the voters in accordance with...
• Section 55821.
  If any provision of this chapter or the application thereof to any person or circumstance is held invalid, that invalidity shall not affect other provisions...

Last modified: October 22, 2018