ARTICLE 13. Collateralized Borrowing
Article 13 added by Stats. 1993, Ch. 902, Sec. 1.
§§ 53595–53595.55 · 12 sections
- § 53595 As used in this article: (a) “Debt instruments” means bonds, notes, certificates of participation, or other evidences of indebtedness issued by a local agency…
- § 53595.5 This article shall apply only to local agencies located within a county with a population of over 4,000,000 persons.
- § 53595.10 A local agency may pledge, sell, transfer, assign, or otherwise dispose of tax increment revenues for any purpose for which the general funds of the local…
- § 53595.15 (a) A pledge by a local agency of tax increment revenues received pursuant to a tax increment agreement shall be valid and binding upon the local agency from…
- § 53595.20 (a) A local agency may, from time to time, issue its negotiable debt instruments payable from, secured by, collateralized by, or representing interests in, tax…
- § 53595.25 (a) A local agency may provide for the issuance of debt instruments for the purpose of refunding any debt instruments or any class, series, or issue of debt…
- § 53595.30 (a) All moneys received pursuant to this article and pledged to the payment of any class, series, or issue of debt instruments, whether as tax increment…
- § 53595.35 (a) In the discretion of the legislative body of a local agency, any debt instruments issued under this article may be secured by an indenture by and between…
- § 53595.40 (a) Debt instruments issued under this article shall be payable solely from the tax increment revenues herein provided and not from any other assets or…
- § 53595.45 (a) Debt instruments issued by a local agency under this article are hereby made securities in which all (1) banks, bankers, savings banks, trust companies,…
- § 53595.50 Any debt instruments issued under this article, their transfer, and in the income therefrom shall at all times be free from taxation of every kind by the state…
- § 53595.55 This article shall be deemed to provide a complete, additional, and alternative method for doing the things authorized hereby and shall be regarded as…