CHAPTER 6.6. Bonds
Chapter 6.6 added by Stats. 1994, Ch. 293, Sec. 2.
§§ 54773–54783 · 12 sections
- § 54773 This chapter shall be known and may be cited as the Teeter Plan Bond Law of 1994.
- § 54773.1 The Legislature finds and declares all of the following: (a) There is a need within the state to finance the alternative method of distribution of tax levies…
- § 54774 The definitions in this section shall govern the construction and interpretation of this chapter: (a) “Bond purchase agreement” means a contractual agreement…
- § 54775 This chapter does not limit any other law and shall be deemed to provide a complete and supplemental method for exercising the powers authorized by this…
- § 54776 The county may, from time to time, issue its bonds in an aggregate principal amount the county determines necessary to provide sufficient funds for purposes of…
- § 54777 (a) The bonds may be issued as serial bonds or as term bonds, in one or more series. The bonds shall be authorized by resolution of the county approved by a…
- § 54778 Any resolution authorizing any bond or any issue of bonds may contain the following provisions, which shall be a part of the contract with the holders of the…
- § 54779 The county may, out of any funds available therefor, purchase its bonds. The county may hold, pledge, cancel, or resell the bonds, subject to, and in…
- § 54780 Any bonds issued under this chapter may be secured by an indenture between the county and a corporate trustee or trustees, which may include any trust company…
- § 54781 (a) The county may issue bonds for the purpose of refunding any bonds then outstanding, including the payment of any redemption premium thereon and any…
- § 54782 Bonds issued by the county are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust…
- § 54783 Interest earned on any bond issued by the county shall at all times be free from state personal income tax and corporate income or franchise tax.