California Public Resources Code ARTICLE 1 - General

• Section 32100.
  The total amount of bonds which may be outstanding at any one time under this division shall not exceed six hundred fifty million dollars ($650,000,000)....
• Section 32101.
  The Legislature may, by statute, authorize the authority to issue bonds in excess of the amount specified in Section 32100.(Added by Stats. 1983, Ch. 1264,...
• Section 32102.
  (a) The authority is authorized from time to time to issue its negotiable bonds to provide funds to achieve its purposes.(b) Bonds may be authorized to finance...
• Section 32103.
  Except as otherwise expressly provided by the authority, every issue of its bonds shall be general obligations of the authority payable from any revenues or...
• Section 32104.
  Subject to the limitations in Sections 32100 and 32101, the bonds may be issued as serial bonds or as term bonds, or the authority may,...
• Section 32105.
  The bonds or notes shall be sold by the Treasurer within 60 days after receipt of a certified copy of the authority’s resolution authorizing the...
• Section 32106.
  Any resolution or resolutions authorizing any bonds or any issue of bonds may contain the following provisions, which shall be a part of the contract...
• Section 32107.
  Neither the members of the authority nor any person executing the bonds or notes shall be liable personally on the bonds or notes or be...
• Section 32108.
  The authority may, out of any funds available therefor, purchase its bonds or notes. The authority may hold, pledge, cancel, or resell the bonds, subject...
• Section 32109.
  In the discretion of the authority, any bonds issued under this division may be secured by a trust agreement by and between the authority and...
• Section 32110.
  (a) The trust agreement or the resolution providing for the issuance of the bonds may pledge or assign the revenues to be received or proceeds of...
• Section 32111.
  Notwithstanding any other provision of law, the Treasurer shall not be deemed to have a conflict of interest by reason of acting as trustee pursuant...
• Section 32112.
  All expenses incurred in carrying out the provisions of this trust agreement or resolution may be treated as a part of the cost of the...
• Section 32113.
  Bonds issued under this division do not constitute a debt or liability of the state or of any political subdivision thereof, other than the authority,...
• Section 32114.
  (a) The authority may provide for the issuance of bonds of the authority for the purpose of refunding any bonds, notes, or other securities of the...
• Section 32115.
  Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies,...
• Section 32116.
  No liability shall be incurred by the authority beyond the extent to which moneys have been provided under this division, except that, for the purposes...

Last modified: October 22, 2018