ARTICLE 1. General

Article 1 added by Stats. 1947, Ch. 424.

§§ 29900–29930 · 36 sections

§ 29900 Any county may issue funding or refunding bonds pursuant to this chapter for the following purposes: (a) To refund any outstanding county indebtedness,…
§ 29900.5 (a) A county may also issue bonds pursuant to this chapter for the purpose of seismic strengthening of unreinforced buildings and other buildings. Proceeds of…
§ 29901 The board of supervisors shall adopt an order calling and providing for a bond election, which order shall state: (a) The purpose or purposes for which the…
§ 29901.5 All or any part of the proceeds of the bonds may be contributed or paid to any agency, board, commission or entity constituted or provided for by agreement…
§ 29902 The board of supervisors shall provide for submitting the question of the issuance of the bonds to the qualified electors of the county at the next general…
§ 29903 To the right of or below each bond proposition on the ballot, the words “Yes” and “No” shall be printed on separate lines, with voting targets.
§ 29904 Several separate propositions may be submitted at the same election, and any single proposition may include one or more purposes.
§ 29905 A special election may be held as provided in this article. Only qualified voters of the county may vote. The election shall be held as nearly as practicable…
§ 29906 The order calling and providing for a bond election shall be published in one or more newspapers published in the county once a week for at least four weeks.…
§ 29907.5 Article 3 (commencing with Section 9160) of Chapter 2 of Division 9 of the Elections Code, relating to arguments concerning county measures, are applicable to…
§ 29908 If two-thirds of the electors voting on a proposition vote in favor of it, the bonds in an amount not exceeding that specified in said proposition may be…
§ 29909 The total amount of bonded indebtedness shall not at any time exceed 5 percent of the taxable property of the county as shown by the last equalized assessment…
§ 29910 If the issuance of the bonds is authorized at said election, the board may thereafter adopt a resolution or resolutions providing for the issuance of all or…
§ 29910.1 The board may divide the principal amount of any issue into two or more series and fix different dates for the bonds of each series. The bonds of one series…
§ 29910.2 When the issuance of bonds shall have been authorized pursuant to two or more propositions submitted at the same or different elections, all or any part of…
§ 29911 In the resolution providing for the issuance of the bonds, the board may provide for the call and redemption of all or any part of the bonds on any interest…
§ 29912 Notice of redemption shall be published at such time and in such manner as the board may provide in the resolution providing for the issuance of the bonds.
§ 29913 If funds are made available for the payment of the principal, interest, and premium on the bonds called, the interest on the bonds shall cease after the date…
§ 29914 The bonds may be issued in such denomination or denominations as the board of supervisors may prescribe.
§ 29915 The principal and interest shall be payable in lawful money of the United States, either at the treasury of the county or at such place within the United…
§ 29916 Interest on the bonds shall not exceed 8 percent per annum, payable semiannually, except that interest for the first year after the date of the bonds may be…
§ 29917 (a) The bonds shall be signed by the chairperson of the board of supervisors or by any other member thereof as the board of supervisors shall, by resolution…
§ 29918 The bonds shall be sold at the times, in the amounts, and in the manner prescribed by the board, but for not less than par.
§ 29919 At its option the board may use the following form of bond: “No._________ $ _________ United States of America County of ________ State of California The…
§ 29920 The interest coupon may be in the following form: “The County of ____, State of California, hereby promises to pay to the holder hereof, on the ____ day of…
§ 29921 All premiums and accrued interest received shall be placed in the fund to be used for the payment of principal of and interest on the bonds, and the remainder…
§ 29922 At the time of making the next general tax levy after incurring the bonded indebtedness, and annually thereafter until all of the bonds are paid or until there…
§ 29923 The tax for interest and redemption of bonds shall be in addition to all other taxes, and shall not be less than sufficient to pay the interest on the bonds…
§ 29924 When collected the tax shall be paid into the treasury of the county and used solely to pay the interest and principal of the bonds as they become due.
§ 29924.5 (a) Prior to the issuance by a county of bonds pursuant to this chapter, the board may elect, by resolution, to guarantee payment on outstanding bonds of the…
§ 29925 If the board fails to make the levy necessary to pay the bond or interest coupons at maturity and any bond or interest coupon is presented to the treasurer and…
§ 29926 The tax shall be levied and collected as a part of the state tax and paid into the State Treasury and passed to the special credit of the county as a bond tax.
§ 29927 The payments shall be made, as they mature, by warrants to the holder of the registered obligations, as shown by the register in the office of the State…
§ 29928 If any officer whose signature, counter-signature, or attestation appears on any county bond or coupon ceases to be such officer before the delivery of the…
§ 29929 The board may contract a bonded indebtedness for county purposes only as provided in this chapter.
§ 29930 When the board of supervisors deems it in the best interests of the county, it may authorize the county treasurer, upon such terms and conditions as may be…