ARTICLE 4. Tax Increment Bonds

Article 4 added by Stats. 2014, Ch. 775, Sec. 1.

§§ 53369.40–53369.49 · 10 sections

• § 53369.40 The legislative body may, by majority vote, initiate proceedings to issue bonds pursuant to this chapter by adopting a resolution stating its intent to issue…
• § 53369.41 The resolution adopted pursuant to Section 53369.40 shall contain all of the following information: (a) A description of the facilities to be financed with the…
• § 53369.42 The clerk of the legislative body shall publish the resolution adopted pursuant to Section 53369.40 once a day for at least seven successive days in a…
• § 53369.43 The legislative body shall submit the proposal to issue the bonds to the voters who reside within the district. The election shall be conducted in the same…
• § 53369.44 (a) Bonds may be issued only if two-thirds of the voters voting on the proposition vote in favor of authorizing the issuance of the bonds. (b) If the voters…
• § 53369.45 If any proposition submitted to the voters pursuant to this chapter is defeated by the voters, the legislative body shall not submit, or cause to be submitted,…
• § 53369.46 The legislative body may, by majority vote, provide for refunding of bonds issued pursuant to this chapter. However, refunding bonds shall not be issued if the…
• § 53369.47 The legislative body or any person executing the bonds shall not be personally liable on the bonds by reason of their issuance. The bonds and other obligations…
• § 53369.48 (a) The bonds may be sold at discount not to exceed 5 percent of par at a negotiated or public sale. At least five days prior to a public sale, notice shall be…
• § 53369.49 If any member of the legislative body whose signature appears on bonds ceases to be a member of the legislative body before delivery of the bonds, his or her…