ARTICLE 4. Tax Increment Bonds

Article 4 added by Stats. 1999, Ch. 773, Sec. 1.

§§ 53398.40–53398.47 · 8 sections

• § 53398.40 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…
• § 53398.41 The resolution adopted pursuant to Section 53398.40 shall contain all of the following information: (a) A description of the facilities to be financed with the…
• § 53398.42 The clerk of the legislative body shall publish the resolution adopted pursuant to Section 53398.40 once a day for at least seven successive days in a…
• § 53398.43 (a) At the hour set in the required notice, the legislative body shall proceed to hear and pass upon all written and oral objections. The hearing may be…
• § 53398.44 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…
• § 53398.45 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…
• § 53398.46 The bonds may be sold at discount not to exceed 5 percent of par at public sale. At least five days prior to the sale, notice shall be published, pursuant to…
• § 53398.47 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…