Section 50666.2.
50666.2. The revenues and any interest earned on the revenues constitute a trust fund for the security and payment of the interest on and principal of the bonds. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50666.3.
50666.3. So long as any bonds or interest thereon are unpaid following their maturity, the revenues and interest thereon shall not be used for any other purpose. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50665.3.
50665.3. In determining the amount of bonds to be issued, the legislative body may include: (a) All costs and estimated costs incidental to or connected with the acquisition, construction, improving, or financing of the public works or improvements. (b) All engineering, inspection, legal, and fiscal agent’s fees, all costs of the bond election and of the issuance […]
Section 50665.4.
50665.4. Proceedings are initiated when the legislative body passes an initiating resolution by a majority vote of all its members. (Added by Stats. 1985, Ch. 320, Sec. 2.)
Section 50665.5.
50665.5. For all local agencies, the initiating resolution shall recite each of the following: (a) That the initiating resolution is being adopted pursuant to the powers granted by this article. (b) The object and purpose of incurring the indebtedness. (c) The estimated cost of the public improvements. (d) The maximum amount of the indebtedness. (e) A maximum rate of interest […]
Section 50630.
50630. When a bond or interest coupon payable from funds in the custody of the treasurer of a local agency is presented to him for payment and is not paid for want of funds, he shall endorse upon it “Not paid for want of funds,” the date of presentation, and a serial number indicating the […]
Section 50631.
50631. Upon receipt of the first money in the treasury applicable to their payment, the treasurer shall set apart the amount necessary to pay the registered bonds and coupons. He shall give notice by registered mail to the owner or holder of the registered bonds and coupons, at the address last filed, stating that he […]
Section 50632.
50632. If the registered bonds and coupons are not presented for payment within thirty days from mailing of the notice the treasurer shall apply the fund set aside to the payment of the unpaid registered bonds and coupons next in order, until all registered bonds and coupons have been called. (Added by Stats. 1949, Ch. […]
Section 50633.
50633. Upon the direction of the legislative body, the treasurer, having the duty of paying the interest on an issue of ad valorem special assessment district improvement bonds, shall keep a register. Upon presentation of an interest coupon of such bond, he shall enter in the register the name and address of the owner or […]
Section 50660.
50660. As used in this article, “local agency” includes any board or department of the local agency. (Added by Stats. 1949, Ch. 81.)