California Public Utilities Code ARTICLE 1 - Authorization and Issuance of Bonds
- Section 30900.
Whenever the board deems it necessary for the district to incur a bonded indebtedness for the acquisition, construction, development, joint development, maintenance, operation, or repair...
- Section 30901.
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 30902.
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 30903.
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 30904.
The bonds shall bear interest at a rate or rates not exceeding the maximum rate allowed by law, payable semiannually, except that the first interest...
- Section 30905.
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 30906.
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 30907.
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 30908.
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 30909.
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 30912.
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 30913.
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