California Public Resources Code ARTICLE 7 - Bonds

• Section 49160.
  No general obligation bonds shall be issued by the district unless the issuance thereof is approved by the electors of the district at a special...
• Section 49161.
  The resolution shall state all of the following:(a) The general objectives and purposes for which it is proposed to incur an indebtedness.(b) A general description of all...
• Section 49162.
  For purposes of the bond election, the district board may consolidate into one precinct several precincts established for general election purposes and describe the precinct...
• Section 49163.
  An election board consisting of one inspector, one judge and one clerk shall be appointed by the district board for each precinct.(Added by Stats. 1989,...
• Section 49164.
  Only voters registered in the district are eligible to vote at the bond election.(Added by Stats. 1989, Ch. 1095, Sec. 22.)
• Section 49165.
  A resolution calling the election shall be published once a week for three successive weeks in a newspaper having a general circulation in the district...
• Section 49166.
  If two-thirds of the votes cast are in favor of incurring the bonded indebtedness as proposed, bonds of the district for the amount stated in...
• Section 49167.
  The validity of the bonds after their issuance shall not be questioned in any court except on the ground that the provisions of this chapter...
• Section 49168.
  The district board shall prescribe, by resolution, the form of the bonds and interest coupons. The bonds shall be payable at the times and at...
• Section 49169.
  The bonds shall be issued in the denominations that the district board determines, except that no bond shall be of a denomination less than one...
• Section 49170.
  The bonds shall be signed by the chairperson of the district board and countersigned by the county auditor, and the seal of the district board...
• Section 49171.
  If any officer whose signature or countersignature appears on the bonds ceases to be an officer before the delivery of the bonds to the purchaser,...
• Section 49172.
  The district board may issue and sell bonds of the district at not less than par value, and the proceeds shall be placed in the...
• Section 49173.
  All premiums and accrued interest received shall be paid into the fund to be used for the payment of principal of, and interest on, the...
• Section 49174.
  (a) The funds in the construction fund shall be applied exclusively to the purposes and objects mentioned in the resolution calling the bond election. (b) Payments from...
• Section 49175.
  If the proposition of issuing bonds submitted at the bond election fails to receive the requisite number of votes, the district board may, after expiration...
• Section 49176.
  If bonds have been issued by the district and the proceeds of the sale have been expended and the district board, by resolution passed by...
• Section 49177.
  Bonds and interest thereon shall be paid by revenue derived from an annual tax upon the property in the district, and all the property in...
• Section 49178.
  (a) An issue of bonds is hereby defined to be the aggregate principal amount of all of the bonds authorized to be issued in accordance with...
• Section 49179.
  Whenever a district has issued bonds, in its annual statement to the board of supervisors as to the amount of money needed for district purposes...
• Section 49180.
  If the district board fails to furnish to the board of supervisors a statement of the amount of money necessary to pay the principal of,...
• Section 49181.
  The principal of, and interest on, the bonds shall be paid by the treasurer of the county in the manner prescribed by law for the...

Last modified: October 22, 2018