California Streets and Highways Code CHAPTER 13 - Issuance of District Bonds and Disposition of Surplus Proceeds
- Section 27240.
At or before the time of issuing any bonds the board shall estimate:(a) The total cost of constructing or acquiring or both the works for which...
- Section 27241.
If the estimated amount of bonds required to pay the estimated cost and interest exceeds the total amount of bonds theretofore authorized, the board may...
- Section 27242.
Bonds may be issued in accordance with the estimate in such amounts not exceeding the total amount of bonds authorized as will produce a sum...
- Section 27243.
Prior to the preparation of definitive bonds the board may issue temporary bonds of any denomination and with or without coupons and subject to the...
- Section 27244.
If, after any bond has been duly signed by any properly authorized officer, that officer ceases to hold office, the bond may nevertheless be delivered...
- Section 27245.
The district bonds may be made registerable as to principal alone or as to both principal and interest under such terms and conditions as may...
- Section 27247.
If after paying the cost of constructing or acquiring or both the works and interest on the bonds during the actual period of construction and...
- Section 27248.
The money in the reserve interest fund shall be deposited in the same manner as other funds of the district or invested in securities which...
- Section 27249.
If the surplus from the proceeds of the bonds exceeds one year’s interest on the bonds, the balance shall be placed in the fund for...
- Section 27250.
A district formed under this part may issue either general obligation bonds or revenue bonds secured solely by tolls.(Added by Stats. 1951, Ch. 1592.)
Last modified: October 22, 2018