Section 63082.
63082. Notwithstanding anything herein to the contrary, this act shall be supplemental to, and not in lieu of, the right of any sponsor to issue general obligation bonds or bonds that it is otherwise lawfully authorized to issue or cause to be issued. (Added by Stats. 1994, Ch. 94, Sec. 1. Effective January 1, 1995. […]
Section 63083.
63083. Any and all bonds issued by the bank or a special purpose trust, their transfer and the income therefrom, shall at all times be free from taxation of every kind by the state and by all political subdivisions of the state. (Amended by Stats. 1995, Ch. 863, Sec. 37. Effective January 1, 1996.)
Section 63084.
63084. (a) Any issue of revenue bonds by the bank may be secured and made more attractive to capital markets through financial instruments, including, but not limited to: (1) Deeds of trust on the resources, facilities, and revenues of the projects. (2) Credit enhancements, including, but not limited to, letters of credit, bond insurance, and surety bonds provided […]
Section 63085.
63085. Whenever the bank deems that it will increase the salability or the price of the bonds to obtain, prior to or after sale, a legal opinion from private counsel as to the validity or tax-exempt nature of the bonds, the bank may obtain a legal opinion. Payment for legal services may be made out […]
Section 63086.
63086. The bank may employ financial consultants, advisers, and accountants, as may be necessary in its judgment, in connection with the issuance and sale of any bonds of the bank. Payment for these services may be made out of the proceeds of the sale of the bonds. (Added by Stats. 1998, Ch. 4, Sec. 23. […]
Section 63071.
63071. (a) Notwithstanding any other provision of law, but consistent with Sections 1 and 18 of Article XVI of the California Constitution, a sponsor may issue bonds for purchase by the bank pursuant to a bond purchase agreement. The bank may issue bonds or authorize a special purpose trust to issue bonds. These bonds may be […]
Section 63072.
63072. (a) The bank may give final approval for the issuance of the bonds or of the authorization of a special purpose trust upon terms it deems necessary or desirable. (b) The executive director may establish the terms and conditions for the issuance of the bonds or of the authorization of a special purpose trust and take […]
Section 63070.
63070. (a) The bank may, from time to time, issue its revenue bonds in a principal amount that the bank shall determine to be necessary to provide sufficient funds for its purposes, which may include, but shall not be limited to, providing funds for the payment of costs of a project, for the purchase of bonds […]