ARTICLE 4. Powers and Duties; Notes and Bonds
Article 4 enacted by Stats. 1976, Ch. 1010.
§§ 94140–94156 · 17 sections
- § 94140 The authority shall have power to do all of the following: (a) Adopt bylaws for the regulation of its affairs and the conduct of its business. (b) Adopt and…
- § 94141 All expenses incurred in carrying out the provisions of this chapter shall be payable from funds provided the authority therefor, and no liability or…
- § 94142 The authority shall establish financial eligibility standards by studying the creditworthiness and earning capacity of each project together with the amount of…
- § 94143 The authority is authorized from time to time to issue its notes for any corporate purpose and renew from time to time any notes by the issuance of new notes,…
- § 94144 (a) The authority is authorized from time to time to issue its bonds for any corporate purpose. In anticipation of the sale of the bonds, the authority may…
- § 94145 In the discretion of the authority, any bonds issued under the provisions of this chapter may be secured by a trust agreement by and between the authority and…
- § 94145.5 A provision that the authority may include in a trust agreement or resolution providing for the issuance of bonds pursuant to this chapter may also be included…
- § 94146 (a) Bonds issued under this chapter shall not be deemed to constitute a debt or liability of the state or of any political subdivision of the state, or a…
- § 94147 (a) The authority may fix, revise, charge, and collect rates, rents, fees, and charges for the use of and for the services furnished or to be furnished by each…
- § 94148 Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining thereto, and the trustee or trustees under any trust…
- § 94149 All moneys received pursuant to the authority of this chapter, whether as proceeds from selling or incurring bonds, or as revenue, shall be deemed to be trust…
- § 94150 (a) The authority may issue bonds of the authority for the purpose of refunding any bonds or notes of the authority then outstanding, including the payment of…
- § 94151 (a) The authority may loan funds to a participating institution or university applicant and to provide for the issuance of bonds for the purpose of refinancing…
- § 94152 Bonds and notes issued by the authority under the provisions of this chapter are hereby made securities in which all banks, bankers, savings banks, trust…
- § 94154 The State of California pledges and agrees with the holders of the bonds, notes, and other obligations issued pursuant to authority contained in this chapter,…
- § 94155 On or before March 31 in each year the authority shall make an annual report of its activities for the preceding calendar year to the Governor and the…
- § 94156 The exercise of the powers granted by this chapter will be in all respects for the benefit of the people of this state, for the increase of their commerce,…