ARTICLE 3. Revenue Bonds

Article 3 enacted by Stats. 1976, Ch. 1010.

§§ 92470–92496 · 29 sections

§ 92470 The regents shall issue revenue bonds in the name of the regents and as obligations of the regents, but neither the principal of, nor interest on, any bond…
§ 92471 The regents shall determine the time, form, and manner of the issuance of revenue bonds.
§ 92472 The validity of the authorization and issuance of any revenue bonds by the regents is not dependent on nor affected in any way by any of the following: (a)…
§ 92473 Before issuing any bond or bonds pursuant to this chapter, the regents shall by resolution declare the purpose for which the proceeds of the bonds proposed to…
§ 92474 The regents may provide for one or several issues of bonds and may issue bonds in series or may divide any issue into one or more divisions and fix different…
§ 92475 Bonds may be issued as coupon bonds or as registered bonds. The regents may provide for the interchange of coupon bonds for registered bonds and registered…
§ 92476 Bonds shall bear interest at a rate of not to exceed 12 percent per annum, payable annually or semiannually, or in part annually and in part semiannually.
§ 92477 Bonds may be callable upon such terms, conditions, and upon such notice as the regents may determine, and upon the payment of such premium as may be fixed by…
§ 92478 The regents may provide for the payment of the principal and interest of bonds at any place within or without the state, and in specified coin or currency of…
§ 92479 The regents may provide for the execution and authentication of bonds by the manual, lithographed, or printed facsimile signature of officers of the regents…
§ 92480 Bonds shall bear dates prescribed by the regents. Bonds may be serial bonds or sinking fund bonds with such maturities as the regents may determine. No bond by…
§ 92481 Bonds may be sold at either public or private sale. The regents may fix terms and conditions for the sale or other disposition of any authorized issue of…
§ 92482 The regents may provide for the security of bonds. The regents may use and expend all or any part of any funds or proceeds of any property owned by it, whether…
§ 92483 All costs and expenses incident to the issuance and sale of bonds may be paid out of the proceeds of the sale of the bonds. Interest on bonds may be paid out…
§ 92484 The regents may provide that the bonds and the interest on the bonds shall be secured by all or by part of revenues of a project upon the basis of which…
§ 92485 Pending the actual issuance or delivery of revenue bonds, the regents may issue temporary or interim bonds, certificates, or receipts of any denominations…
§ 92486 The regents may provide for the replacement of lost, destroyed, or mutilated bonds, or coupons.
§ 92487 Bonds issued pursuant to this chapter and the interest or income from such bonds, are exempt from all taxation in this state other than gift, inheritance, and…
§ 92488 The regents may designate a bank or trust company, qualified to do business in this state, as a trustee for the regents and the holders of bonds issued…
§ 92489 The regents may fix and determine the conditions upon which any trustee shall receive, hold, or disburse any or all revenues deposited with it by or by…
§ 92490 All bonds issued pursuant to this chapter are negotiable instruments, except when registered in the name of a registered owner.
§ 92491 Except as provided otherwise in any indenture, the holder of any bond issued pursuant to this chapter may, by mandamus or other appropriate proceeding, require…
§ 92492 Notwithstanding any other provision of law, all bonds sold and delivered pursuant to this chapter are legal investments for all trust funds and for the funds…
§ 92493 (a) (1) The University of California may pledge, along with its other revenues, its annual General Fund support appropriation less the amount of that…
§ 92494 (a) The University of California may fund pay-as-you-go capital outlay projects from its General Fund support appropriation pursuant to Sections 92495 and…
§ 92495 (a) (1) Commencing with the 2013–14 fiscal year and for each fiscal year thereafter, if the University of California plans to use any of its support…
§ 92495.5 The university shall manage its general revenue bond program and the payments referenced in Section 92493, in a manner so that not more than 15 percent of its…
§ 92495.6 Notwithstanding Sections 13332.11 and 13332.19 of the Government Code or any other law, the University of California may proceed with capital expenditures and…
§ 92496 If the university is able to reduce annual debt service costs by refunding, defeasing, or retiring general obligation bonds or State Public Works Board lease…