California Public Utilities Code ARTICLE 3 - Bond Issuance

• Section 22776.
  If two-thirds of the votes cast at the election were for the issuance of bonds, the board shall enter that fact in its minutes. The...
• Section 22777.
  The board of supervisors shall issue the district bonds in the number and amount specified in the bond proceedings. The board of supervisors shall provide...
• Section 22778.
  By an order entered in its minutes, the board of supervisors shall:(a) Prescribe the form of the bonds and of the interest coupons.(b) The manner in which...
• Section 22779.
  The total amount of bonds issued shall not exceed 15 percent of the taxable property of the district as shown by the last equalized assessment...
• Section 22780.
  The term of the bonds shall not exceed 40 years.(Added by Stats. 1953, Ch. 151.)
• Section 22781.
  The bonds shall be payable in lawful money of the United States as to principal and interest.(Added by Stats. 1953, Ch. 151.)
• Section 22782.
  The board of supervisors may make the principal and interest of the bonds payable at the office of the treasurer of the principal county, at...
• Section 22783.
  The bonds shall be sold at the times and in the amounts prescribed by the board of supervisors, but for not less than par.(Added by...
• Section 22784.
  Before selling all or any part of the bonds, the board of supervisors shall advertise for bids pursuant to Section 6066 of the Government Code...
• Section 22785.
  If satisfactory bids are received the bonds offered for sale shall be awarded to the highest bidder. If no bids are received or the board...
• Section 22786.
  The proceeds of the sale of the bonds shall be deposited in the treasury of the principal county to the credit of the improvement fund...

Last modified: October 22, 2018