California Public Utilities Code CHAPTER 6 - Transactions and Use Taxes

• Section 142250.
  (a) A retail transactions and use tax ordinance, applicable in the incorporated and unincorporated territory of the county may be imposed by the authority in accordance...
• Section 142251.
  The authority, in the retail transactions and use tax ordinance, shall state the nature of the tax to be imposed, shall provide the tax rate...
• Section 142252.
  (a) The county shall conduct an election called by the board of supervisors to implement this chapter pursuant to Section 142250, and the authority shall reimburse...
• Section 142253.
  Any retail transactions and use tax ordinance adopted pursuant to this chapter shall be operative on the first day of the first calendar quarter commencing...
• Section 142254.
  The revenues from the retail transactions and use taxes imposed pursuant to this chapter may be allocated by the authority for the administration of this...
• Section 142255.
  A county transportation expenditure plan shall be prepared by the transportation planning agency for the expenditure of the revenues expected to be derived from the...
• Section 142256.
  (a) A county transportation expenditure plan shall not be adopted by the authority until it has received the approval of the board of supervisors and of...
• Section 142257.
  (a) The expenditure plan shall specify the amount and the formula by which the retail transactions and use tax shall be allocated to each city and...
• Section 142258.
  (a) Except as otherwise provided by Section 142260, the transportation planning agency may amend the expenditure plan. The transportation planning agency, at a minimum, shall review...
• Section 142259.
  Amendments to the expenditure plan adopted pursuant to Section 142255 are to provide for the use of additional federal, state, and local funds, to account...
• Section 142260.
  (a) The authority may, by the affirmative vote of a majority of the members, approve the updated expenditure plan adopted pursuant to Section 142258.(b) The authority may...
• Section 142261.
  If a retail transactions and use tax is adopted pursuant to this chapter, the authority shall prepare and submit a report to the Department of...
• Section 142262.
  The authority, subject to the approval of the voters, may impose the retail transactions and use tax at a maximum rate of one-half of 1...
• Section 142263.
  (a) The board of supervisors, or its designee, as part of the ballot proposition to approve the imposition of a retail transactions and use tax, shall...
• Section 142264.
  (a) The bonds authorized by the voters concurrently with the approval of the retail transactions and use tax may be issued by the authority at any...
• Section 142265.
  Limited tax bonds shall be issued pursuant to a resolution adopted at any time by an affirmative vote of a majority of the members of...
• Section 142266.
  (a) A resolution authorizing the issuance of limited tax bonds shall state all of the following:(1) The purpose for which the proposed debt is to be incurred,...
• Section 142267.
  The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable semiannually, except that the first interest payable...
• Section 142268.
  In the resolution authorizing the issuance of the bonds, the authority may also provide for call and redemption of the bonds prior to maturity at...
• Section 142269.
  The principal of, and interest on, the bonds shall be payable in lawful money of the United States at the office of the auditor-controller-treasurer of...
• Section 142270.
  (a) The bonds, or each series thereof, shall be dated and numbered consecutively and shall be signed by the chairperson or vice chairperson of the authority...
• Section 142271.
  The bonds may be sold as the authority determines by resolution. The authority may sell the bonds at a price below par, whether by negotiated...
• Section 142272.
  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 142273.
  All accrued interest and premiums received on the sale of the bonds shall be placed in the fund to be used for the payment of...
• Section 142274.
  (a) The authority may provide for the issuance, sale, or exchange or refunding bonds to redeem or retire any bonds issued by the authority upon the...
• Section 142275.
  (a) The authority may borrow money in anticipation of the sale of bonds which have been authorized pursuant to this chapter, but which have not been...
• Section 142276.
  Any bonds issued under this chapter are legal investments for all trust funds; for the funds of insurance companies, commercial and savings banks, and trust...
• Section 142277.
  Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this chapter, or the...

Last modified: October 22, 2018