ARTICLE 6. Duties of Local Agencies
Article 6 added by Stats. 1949, Ch. 81.
§§ 54510–54524 · 18 sections
- § 54510 The duties prescribed by this article shall be performed by the local agency or its proper officers, agents, or employees.
- § 54511 Such performance is of the essence of the local agency’s contract with the bondholders.
- § 54512 The local agency shall pay or cause to be paid the principal and interest of the bonds on the date, at the place, and in the manner mentioned in the bonds and…
- § 54513 Subject to the provisions of Section 54516.1, the local agency shall operate the enterprise in an efficient and economical manner.
- § 54514 Subject to the provisions of Section 54516.1, the local agency shall prescribe, revise, and collect such charges that the services, facilities or water of the…
- § 54515 After making allowances for contingencies and error in the estimates, the charges, together with any other funds which under this chapter can legally be, and…
- § 54516 Subject to the provisions of Section 54516.1, the local agency shall operate, maintain and preserve the enterprise in good repair and working order.
- § 54516.1 Subject to the provisions and limitations of any resolution authorizing the issuance of bonds and to the conditions specified in Section 54516.2 of this code,…
- § 54516.2 The local agency shall let contracts made by it pursuant to Section 54516.1 to the lowest qualified responsible bidder after the publication of a notice…
- § 54516.3 If the enterprise is a hospital, the local agency may provide for the administration, operation and maintenance of the whole or any part of the enterprise and…
- § 54517 The local agency shall preserve and protect the security of the bonds and the rights of the bondholders and warrant and defend their rights against all claims…
- § 54518 In order to fully preserve and protect the priority and security of the bonds the local agency shall pay and discharge all lawful claims for labor, materials,…
- § 54519 The local agency shall hold in trust the revenues and other funds pledged to the payment of the principal of and interest on the bonds for the benefit of the…
- § 54520 The local agency shall keep proper books of record and accounts of the enterprise, separate from all other records and accounts, in which complete and correct…
- § 54521 At all times the books shall be subject to the inspection of the holders of not less than 10 percent of the outstanding bonds or their representatives…
- § 54522 The local agency shall cause to be published a summary statement showing the amount of gross revenues and the amount of all other funds collected which are…
- § 54523 In the resolution authorizing the bonds, the local agency may agree that the statement shall be prepared or audited by an independent certified public…
- § 54524 The duties set forth in this article do not require the local agency to expend any funds other than revenues received or receivable from the enterprise and…