California Public Utilities Code ARTICLE 1 - Authorization and Issuance of General Obligation Bonds
- Section 103500.
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 103501.
Notice of the holding of such election shall be given by publishing, pursuant to Section 6066 of the Government Code, the ordinance calling for election...
- Section 103502.
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 103503.
If 60 percent of the electors voting on the proposition vote for it, then the board may, by resolution, at such time or times as...
- Section 103504.
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 103505.
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 103506.
The delivery of any bonds shall be at the office of the district treasurer, and the purchase price may be received in cash or cashier...
- Section 103507.
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 103508.
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 103509.
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 103510.
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 103511.
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 103512.
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 103513.
If bonds are authorized that contain a provision for special taxes under subdivision (i) of Section 103500, the board may enter into such covenants as...
Last modified: October 22, 2018