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

• Section 102500.
  The district may exercise its powers under this article only with respect to territory in cities and counties in which the voters have authorized the...
• Section 102501.
  Whenever the board deems it necessary for the district to incur a bonded indebtedness for the acquisition, construction, or repair of any or all improvements,...
• Section 102502.
  Notice of the holding of such election shall be given by publishing, pursuant to Section 6066 of the Government Code, the ordinance calling the election...
• Section 102503.
  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 102504.
  If a majority of the electors voting on the proposition vote for it, then the board may, by resolution, at such time or times as...
• Section 102505.
  The bonds shall bear interest at a rate or rates not exceeding 8 percent per annum, payable semiannually, except that the first interest payable on...
• Section 102506.
  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 102507.
  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 102508.
  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 102509.
  After the expiration of three years after a bond election, the board may determine, by ordinance adopted by a two-thirds vote of the board, that...
• Section 102510.
  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 102511.
  The board may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the district upon the...
• Section 102512.
  The provisions of Article 4 (commencing with Section 53500), Chapter 3, Part 1, Division 2, Title 5 of the Government Code are applicable to the...
• Section 102513.
  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...

Last modified: October 22, 2018