California Public Utilities Code ARTICLE 4 - Bonds and Notes

• Section 130530.
  The commission may issue bonds for purposes authorized by this chapter, and to fund or refund them, pursuant to this chapter.(Added by Stats. 1984, Ch....
• Section 130531.
  Notwithstanding any other provision of law:(a) The commission and its revenues are exempt from all taxes on, or measured by, income.(b) Bonds issued by the commission are...
• Section 130532.
  The commission may from time to time issue or renew notes in anticipation of the sale of bonds or otherwise. The commission may also issue...
• Section 130533.
  (a) Except as provided in this subdivision and as may be otherwise expressly provided by the commission, all issues of its bonds are special obligations of...
• Section 130534.
  (a) The bonds may be issued as serial bonds or as term bonds, or the commission, in its discretion, may issue bonds of both types.(b) The bonds...
• Section 130535.
  (a) At times that the commission desires to issue bonds, it shall adopt a resolution specifying the total amount of bonds proposed to be issued.(b) Any resolution...
• Section 130536.
  Neither the members of the commission, nor any person executing the bonds, are liable personally on the bonds, or are subject to any personal liability...
• Section 130537.
  The commission may, from any funds available therefor, purchase its bonds. The commission may hold, pledge, cancel, or resell the bonds, subject to, and in...
• Section 130538.
  (a) At the discretion of the commission, any bonds issued under this chapter may be secured by a trust agreement by and between the commission and...
• Section 130538.5.
  The commission shall take no action which will materially impair the security pledged for any bonds which it has previously issued.(Added by Stats. 1984, Ch....
• Section 130539.
  All expenses incurred in carrying out the provisions of the trust agreement or resolution may be treated as a part of the cost of the...
• Section 130540.
  (a) Bonds issued under this chapter do not constitute a debt or liability of the state or of any other public agency, other than the commission,...
• Section 130541.
  The commission may provide for the issuance of bonds of the commission for the purpose of refunding any bond then outstanding, including the payment of...
• Section 130542.
  (a) The proceeds of any bonds issued for the purpose of refunding outstanding bonds may, in the discretion of the commission, be applied to the purchase...
• Section 130543.
  The proceeds of any bonds issued for the additional purpose of paying all or any part of the cost of constructing and acquiring additions, improvements,...
• Section 130544.
  Bonds issued pursuant to Section 130542 are subject to this chapter in the same manner and to the same extent as other bonds issued pursuant...
• Section 130545.
  The bonds issued pursuant to this chapter are legal investments for all trust funds, the funds of all insurance companies, commercial or savings banks, trust...

Last modified: October 22, 2018