California Public Utilities Code ARTICLE 1 - Authorization and Issuance of General Obligation Bonds

• Section 100400.
  Whenever the board deems it necessary for the VTA to incur a bonded indebtedness for the acquisition, construction, or repair of any or all improvements,...
• Section 100401.
  Notice of holding of the election shall be given by publishing, pursuant to Section 6066 of the Government Code, the ordinance calling the election in...
• Section 100402.
  If any proposition is defeated by the electors, the board shall not call another election on a substantially similar proposition to be held within six...
• Section 100403.
  If a majority of the electors voting on the proposition vote for it, then the board may, by resolution, at a time or times as...
• Section 100404.
  The bonds shall bear interest at a rate or rates not exceeding 7 percent per annum, payable semiannually, except that the first interest payable on...
• Section 100405.
  The bonds may be sold as the board determines by resolution but for not less than par. Before selling the bonds, or any part thereof,...
• Section 100406.
  Delivery of any bonds may be made at any place either inside or outside the state, and the purchase price may be received in cash...
• Section 100407.
  All accrued interest and premiums received on the sale of bonds shall be placed in the fund to be used for the payment of principal...
• Section 100408.
  After the expiration of three years after a bond election the board may determine, by ordinance adopted by a vote of two-thirds of all the...
• Section 100409.
  Whenever the board deems that the expenditure of money for the purposes for which the bonds were authorized by the voters is impractical or unwise,...
• Section 100410.
  The board may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the VTA upon the...
• Section 100411.
  The provisions of Article 4 (commencing with Section 53500) of Chapter 3 of Part 1 of Division 2 of Title 5 of the Government Code...
• Section 100412.
  Any bonds which shall be issued under the provisions of this article shall be legal investment for all trust funds; for the funds of insurance...
• Section 100413.
  If bonds are authorized that contain a provision for special taxes under subdivision (i) of Section 100400, the board may enter into such convenants as...

Last modified: October 22, 2018