ARTICLE 4. Tax Increment Bonds
Article 4 added by Stats. 1990, Ch. 1575, Sec. 1.
§§ 53397.1–53397.11 · 11 sections
- § 53397.1 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…
- § 53397.2 The resolution adopted pursuant to Section 53397.1 shall contain all of the following information: (a) A description of the facilities to be financed with the…
- § 53397.4 The clerk of the legislative body shall publish the resolution adopted pursuant to Section 53397.1 once a day for at least seven successive days in a newspaper…
- § 53397.5 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…
- § 53397.6 (a) The bonds may be issued if two-thirds of the voters voting on the proposition vote in favor of issuing the bonds. (b) If the voters approve the issuance of…
- § 53397.7 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,…
- § 53397.71 Notwithstanding the provisions of this article, all of the following shall apply to the issuance of bonds by a waterfront district established pursuant to…
- § 53397.8 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…
- § 53397.9 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…
- § 53397.10 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…
- § 53397.11 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…