California Public Resources Code CHAPTER 6 - Bonds

• Section 13100.
  Whenever the board deems it necessary for the district to incur a bonded indebtedness, it shall by resolution set forth all of the following:(a) A declaration...
• Section 13101.
  Notice of the hearing shall be given by publication of a copy of the resolution pursuant to Section 6066 of the Government Code in a...
• Section 13102.
  The copy of the resolution published shall be accompanied by a notice subscribed by the clerk that:(a) The hearing referred to in the resolution will be...
• Section 13103.
  At the time and place fixed for the hearing on the resolution declaring the necessity for incurring the bonded indebtedness or at any time and...
• Section 13104.
  At the hearing any person interested, including persons owning property within the district, may appear and present any matters material to the questions set forth...
• Section 13105.
  At the conclusion of the hearing, the board shall by resolution determine whether the whole or part of the district will be benefited by the...
• Section 13106.
  If the board determines that the whole of the district will not be benefited, the resolution shall also describe the portion of the district which...
• Section 13107.
  After the formation of an improvement area within the district pursuant to this chapter, all proceedings for the purpose of a bond election within the...
• Section 13108.
  The determination of the board that the whole of the district will be benefited by the bond issue or only that a described portion of...
• Section 13109.
  After the board has made its determination pursuant to Section 13105, if it deems it necessary to incur the bonded indebtedness, it shall by resolution...
• Section 13110.
  The resolution provided for in Section 13109 shall constitute the notice of such special bond election and such resolution shall be published pursuant to Section...
• Section 13111.
  The provisions of the Elections Code relating to the qualifications of electors, the manner of voting, the duties of election officers, the canvassing of returns,...
• Section 13112.
  Every voter within the area designated in the resolution adopted pursuant to Section 13109, but no others, may vote on the proposition to authorize the...
• Section 13113.
  A two-thirds vote shall be required for the issuance of general obligation bonds.(Added by Stats. 1961, Ch. 2069.)
• Section 13114.
  If two-thirds of the vote cast at the election are in favor of incurring the indebtedness, the board may by resolution, at the time or...
• Section 13115.
  The bonds shall be signed by the chair of the board and countersigned by the clerk of the board or the clerk’s deputy and the...
• Section 13116.5.
  An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2...
• Section 13117.
  The district may sell the bonds so issued at the times or in the manner the board deems to be to the public interest, provided,...
• Section 13118.
  Any bonds issued by any area organized under this division are hereby given the same force, value, and use as bonds issued by any municipality...
• Section 13119.
  The board may, by resolution, do the following:(a) Submit to voters a measure to issue new bonds to refund any or all of the district bonds...
• Section 13120.
  The measure may be voted on at any district election or an election may be called for the purpose.(Added by Stats. 1961, Ch. 2069.)
• Section 13121.
  The procedure upon the election shall be in accordance, so far as applicable, with the procedure upon an original issue of bonds, except that:(a) No hearing...
• Section 13122.
  The refunding bonds may, if the holders of the bonds of an original issue and the board so agree, be exchanged for original bonds.(Added by...
• Section 13123.
  The face value of refunding bonds exchanged for original bonds shall not exceed the face value of the original bonds.(Added by Stats. 1961, Ch. 2069.)
• Section 13124.
  The board may raise money by rates or taxes to pay principal and interest of the refunding bonds in the same manner as prescribed for...
• Section 13125.
  Any bonds issued by the district may be made callable by resolution of the board adopted at or prior to the time of issuing the...
• Section 13126.
  When bonds are made callable a statement to that effect shall be set forth on the face of the bond.(Added by Stats. 1961, Ch. 2069.)
• Section 13127.
  Callable bonds may be redeemed on any interest payment date prior to their fixed maturity in such amounts and manner and at such prices as...
• Section 13128.
  Notice designating the bonds called for redemption shall be published in a newspaper determined by the board to be the one most likely to reach...
• Section 13129.
  If on the date fixed for redemption the district has provided funds available for payment of the principal and interest of the bonds called, interest...

Last modified: October 22, 2018