CHAPTER 11. Public Financing

Chapter 11 added by Stats. 1986, Ch. 1389, Sec. 1.

§§ 5900–5909 · 11 sections

• § 5900 The Legislature finds and declares all of the following: (a) The ability of the state and local governments to issue bonds is essential to their ability to…
• § 5901 It is the intent of the Legislature that state and local governments be provided with the powers and flexibility necessary and appropriate for them to access…
• § 5902 As used in this chapter, the following words and terms shall have the following meanings, unless the context otherwise indicates or requires another or…
• § 5903 If, prior to issuing any bonds, the legislative body determines that the interest payable on the bonds to be issued by the state or local government will be…
• § 5903.5 Section 5903 shall apply to any bonds the interest on which will not be subject to federal income taxation under the law in existence on the date of issuance…
• § 5904 The state or a local government may take any actions, and enter into any agreements, necessary or appropriate to register or qualify the bonds described in…
• § 5905 One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations,…
• § 5906 Any bonds issued by a state or local government pursuant to this chapter, or otherwise, and the purchasers or holders thereof, shall be exempt from the usury…
• § 5907 This chapter shall not affect bonds approved by the voters of the state or local government issuer prior to the effective date of this chapter, to the extent…
• § 5908 The authority conferred by this chapter includes the authority to enter into any and all contracts incident to the exercise of the authority conferred by this…
• § 5909 To the extent that the provisions of this chapter are inconsistent with any other provision of general law or special act or any part thereof, now or hereafter…