CHAPTER 10. Orange County Financial Control [30400. - 30406.]

Chapter 10 added by Stats. 1995, Ch. 747, Sec. 3.

§§ 30400–30406 · 8 sections

• § 30400 (a) It is in the interest of the state and all public debt issuers within the state to enable the County of Orange to finance an acceptable plan of adjustment…
• § 30400.5 For purposes of this chapter, the following words have the following meanings: (a) “Confirmation of the plan” means confirmation of the plan of adjustment…
• § 30401 (a) If the county has not filed a plan of adjustment with the bankruptcy court by January 1, 1996, the Governor may appoint an individual to serve as trustee…
• § 30402 (a) If a trustee is appointed pursuant to this chapter, all powers granted to the county board of supervisors, including, but not limited to, those powers…
• § 30403 (a) The trustee may employ any staff necessary to assist him or her. (b) To facilitate the appointment of the trustee and the employment of any necessary…
• § 30404 (a) The trustee may issue or execute and deliver for and in the name and on behalf of the county, any of the following forms of debt or other obligations: (1)…
• § 30405 (a) If a trustee is appointed pursuant to this chapter, the trustee may assume and exercise, solely to the extent necessary to prevent denial of confirmation…
• § 30406 The provisions of this chapter are severable. If any provision of this chapter or its application is held invalid, that invalidity shall not affect other…