ARTICLE 4. Reimbursement Agreements

Article 4 added by Stats. 1986, Ch. 1512, Sec. 1.

§§ 53190–53194.5 · 10 sections

• § 53190 If the legislative body determines by ordinance to proceed with the establishment of the district pursuant to subdivision (b) of Section 53184, the legislative…
• § 53190.5 A reimbursement agreement shall contain both of the following provisions: (a) A requirement that the investor advance funds to the local agency to be used by…
• § 53191 The investor’s interest in a reimbursement agreement may be negotiable and divisible, as specified in the agreement.
• § 53191.5 The obligations of the local agency arising from the reimbursement agreement shall be secured by a pledge of the revenues arising from the contingent or…
• § 53192 Any obligations arising from the reimbursement agreement are not a debt of the local agency, or a legal or equitable pledge, charge, lien, or encumbrance upon…
• § 53192.5 All income received by the investor from the fund is exempt from taxation in this state, except gift, inheritance, and estate taxes.
• § 53193 The reimbursement agreement may provide for the terms and conditions under which the investor may enforce the convenants and duties imposed by the agreement.
• § 53193.5 The local agency shall preserve and protect the security of the reimbursement agreement and the rights of the investor against all claims and demands of all…
• § 53194 The investor may enforce his or her rights against the local agency, its legislative body, or any of its officers, agents, or employees, and compel them to…
• § 53194.5 The remedies conferred upon the investor by this chapter do not exclude any other remedy. Each remedy is cumulative and in addition to every other remedy and…