Section 55802.
55802. (a) The bonds authorized by the voters pursuant to Section 55800 may be issued at any time by the authority and shall be payable from the proceeds of the tax. The bonds shall be referred to as “limited tax bonds.” The bonds may be secured by a pledge of revenues from the proceeds of the […]
Section 55818.
55818. (a) Bonds issued pursuant to this chapter do not constitute a debt or liability of the state or of any other public agency, other than the authority issuing the bonds, or a pledge of the faith and credit of the state or of any other public agency, other than the issuing authority, but shall be […]
Section 55803.
55803. Limited tax bonds issued under this chapter may be used only for the following purposes: (a) To finance the capital outlay expenditures to carry out the purposes of the retail transactions and use tax imposed by the authority. (b) To pay costs incurred in the issuance of the limited tax bonds. (c) To fund a reserve fund […]
Section 55819.
55819. 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 issuance of any bonds thereunder or any of the proceedings in relation thereto is contested, questioned, or denied, shall be commenced pursuant to Chapter 9 (commencing with Section 860) […]
Section 55804.
55804. Limited tax bonds shall be issued pursuant to a resolution adopted at any time, and from time to time, by a two-thirds vote of the governing board of the authority, provided voter approval authorizing the issuance of bonds by the authority has been obtained by a majority vote, except as provided in paragraph (2) […]
Section 55820.
55820. The authority has no power to impose any tax other than the transactions and use tax imposed upon approval of the voters in accordance with this chapter. (Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.)
Section 55805.
55805. (a) A resolution providing for the issuance of bonds pursuant to this chapter shall state all of the following: (1) The purposes for which the proposed debt is to be incurred, which may include all costs and estimated costs incidental to, or connected with, the accomplishment of those purposes, including without limitation, engineering, inspection, legal, fiscal […]
Section 55806.
55806. The authority may provide for the limited tax bonds to bear a variable or fixed interest rate, for the manner and intervals in which the rate shall vary, and for the dates on which the interest shall be payable. (Added by Stats. 1991, Ch. 384, Sec. 1. Effective September 9, 1991.)
Section 55807.
55807. (a) In the resolution authorizing the issuance of the bonds, the authority may also provide for the call and redemption of the bonds prior to maturity at the times and prices and upon other terms as specified. (b) Notwithstanding the provisions of subdivision (a), no bond is subject to call or redemption prior to maturity, unless […]
Section 55808.
55808. The principal of, and interest on, the bonds, shall be payable in lawful money of the United States at the office of the treasurer or auditor-controller of the authority, or at other places as may be designated, or at both the office and other places at the option of the holders of the bonds. […]