Section 50669.1.
50669.1. The local agency shall cause to be published a summary statement showing the amount of revenues collected which are required as security for payment of the principal of and interest on the bonds, the disbursements from such revenues in reasonable detail, and a general financial statement. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.2.
50669.2. The statement shall be published annually, not more than 120 days after the close of each fiscal year. The local agency shall furnish a copy of the statement to any bondholder upon request. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.3.
50669.3. In the resolution authorizing the bonds, the local agency may agree that the statement shall be prepared or audited by an independent certified public accountant and shall be in the form and contain the detail specified in the resolution. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.4.
50669.4. The duties set forth in this article do not require the local agency to expend any funds other than revenues pledged to secure payment of the principal of or interest on bonds as provided in this article. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.5.
50669.5. A fiscal or paying agent may be appointed as now, or hereafter, provided in Article 7 (commencing with Section 54550) of Chapter 6 of Division 2 of Title 5. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.6.
50669.6. A validating proceeding may be conducted as now, or hereafter, provided in Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.7.
50669.7. Bondholders shall have the remedies as now, or hereafter, provided in Article 10 (commencing with Section 54640) of Chapter 6 of Division 2 of Title 5. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50669.8.
50669.8. The bonds may be refunded in the manner now, or hereafter, provided in Article 11 (commencing with Section 54660) of Chapter 6 of Division 2 of Title 5. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50670.
50670. All bonds issued in pursuance of the provisions of this article shall by their issuance be conclusive evidence of the regularity, validity, and legal sufficiency of all proceedings, acts, and determinations in any wise pertaining thereto, had or made hereunder. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50670.1.
50670.1. Any action, suit, or proceeding of any kind or nature in which the validity of any of the proceedings taken under the provisions of this article is questioned or attacked, shall be filed within 30 days after the day of the adoption of the resolution providing for the issuance of the bonds and in […]