California Streets and Highways Code CHAPTER 5 - Revenue Bonds
- Section 33100.
As used in this chapter, “bonds” means revenue bonds issued pursuant to this part.(Added by Stats. 1951, Ch. 463.)
- Section 33101.
Bonds shall not be issued in any city until the legislative body, either at a general or a special election, submits to the electors of...
- Section 33101.5.
In lieu of the submission of such question the legislative body may from time to time so submit to such electors the proposition of the...
- Section 33101.6.
Sections 33101 and 33101.5 shall not apply where the bonds are issued to finance a project which is to be leased to the city and...
- Section 33102.
The authority shall have power to borrow money to provide funds for any project and to issue in its name revenue bonds to evidence the...
- Section 33103.
All such bonds shall recite upon their face, in substance, that the bonds of each issue shall constitute special obligations, and evidence a special indebtedness,...
- Section 33104.
An authority may issue such types of bonds as it determines, including bonds on which the principal and interest are payable:(a) Exclusively from the income and...
- Section 33105.
Bonds may be additionally secured by the pledging of, placing a charge upon, or otherwise making available any parking meter revenue. Until all bonds so...
- Section 33105.5.
Nothing in this part nor in the specification, in the proceedings for the issuance of any bonds, of the sources of payment thereof, shall preclude...
- Section 33106.
Except as limited by express provision of this part, each authority, by resolution, or by contract, or other agreement with, or for the benefit of,...
- Section 33107.
An authority may provide for the aggregate principal amount, date or dates, maturities, interest rate or rates, interest payment dates, denominations and form of such...
- Section 33107.5.
The authority may provide that any resolution or resolutions adopted in connection with the authorization of any bonds shall constitute a contract with the holders...
- Section 33108.
Reference on the face of the bonds to any such resolution by the date of its adoption, or to any such contract or other agreement...
- Section 33109.
The authority may provide for such covenants and agreements on the part of the authority as it deems necessary or advisable for the better security...
- Section 33110.
The authority may provide for the making of a covenant requiring the authority to pay punctually the principal and interest on any bonds on the...
- Section 33111.
The authority may provide for the making of a covenant requiring the authority to continuously operate in an efficient and economical manner any or all...
- Section 33112.
The authority may provide for the making of a covenant requiring the authority to make all repairs, renewals and replacements necessary to the operation of...
- Section 33114.
The authority may provide for the making of a covenant requiring the authority to pay and discharge from the funds available for that purpose all...
- Section 33115.
The authority may provide for the making of a covenant which limits, restricts, or prohibits the power of the authority to mortgage or otherwise encumber,...
- Section 33116.
The authority may provide for the making of a covenant requiring the authority to fix, prescribe and collect, with respect to any or all properties,...
- Section 33117.
The authority may provide for the making of a covenant requiring the authority to provide for the establishment and maintenance of reserve funds, sinking funds,...
- Section 33118.
The authority may provide for the making of a covenant requiring it to apply the proceeds of the bonds in connection with which such covenant...
- Section 33119.
The authority may provide for the making of a covenant restricting the incurring of additional indebtedness payable in whole or in part out of revenues...
- Section 33120.
The authority may provide for the making of a covenant requiring it to carry insurance on any facilities or properties any revenues of which are...
- Section 33121.
The authority may provide for the terms and conditions upon which any bonds may become or be declared due and payable prior to maturity, upon...
- Section 33122.
The authority may provide for the rights, limitations, powers, and duties arising upon breach by the authority of any of the covenants, conditions, or obligations...
- Section 33123.
The authority may provide for a procedure by which certain specified terms and conditions of any resolution, contract, or agreement may be subsequently amended or...
- Section 33124.
The provisions for such procedure may include an agreement that bonds held by the authority, the city, or by any other person or entity who...
- Section 33125.
The authority may provide for such other acts and matters as it may deem to be necessary, convenient, or desirable to secure the bonds or...
- Section 33126.
The authority may designate a bank or trust company as a trustee for the holders of bonds issued pursuant to this part, and may authorize...
- Section 33127.
The authority may fix and determine the conditions upon which any trustee shall receive, hold, or disburse any or all funds coming into its hands...
- Section 33128.
The authority may prescribe the duties and powers of any trustee respecting the payment of principal and interest on bonds, the redemption of bonds, the...
- Section 33129.
The authority may provide for the issuance of bonds in series, and for the division of any issue into two or more divisions, and may...
- Section 33130.
All bonds of the same authorized issue need not be of the same kind or character, have the same security, or bear the same interest...
- Section 33133.
Bonds may be callable upon such terms, conditions, and notice as the authority determines, and upon the payment of the premium, if any, fixed by...
- Section 33134.
The authority may provide for the payment of the principal and interest of bonds at any place within the State, or for the payment or...
- Section 33135.
Signatures on the bonds and interest coupons may be printed, lithographed, or engraved facsimile, except that on the bonds, but not on the interest coupons,...
- Section 33136.
If any officer or representative whose signature or countersignature appears upon the bonds or coupons ceases to be an officer or representative before the delivery...
- Section 33137.
Bonds issued under this part may be serial or sinking fund bonds. A bond by its terms shall not mature more than forty (40) years...
- Section 33138.
The authority may sell bonds at a price below the par or face value, provided that the discount on any bonds so sold shall not...
- Section 33139.
In determining the amount of bonds to be issued, the authority may include an amount for the purpose of establishing a reserve fund or funds...
- Section 33140.
The authority may provide that interest on bonds issued for the acquisition, construction, or completion of any project may be paid out of the proceeds...
- Section 33141.
In the proceedings for the issuance of bonds, the authority may provide that the principal of and interest on the bonds constitute such charge upon...
- Section 33142.
Pending the actual issuance or delivery of bonds, the authority may issue temporary or interim bonds, certificates, or receipts of any denominations, with or without...
- Section 33143.
The principal, interest, and income of all bonds issued under this part are exempt from all taxation in this State, other than gift, inheritance, and...
- Section 33145.
The authority may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any revenue bonds issued by it. All provisions...
- Section 33146.
Refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of the bonds to be refunded and all expenses...
- Section 33147.
Bonds issued pursuant to this part are negotiable instruments.(Amended by Stats. 1951, Ch. 1388.)
- Section 33148.
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...
Last modified: October 22, 2018