CHAPTER 1. Counties Transaction and Use Tax
Chapter 1 added by Stats. 1991, Ch. 384, Sec. 1.
§§ 55800–55821 · 21 sections
- § 55800 (a) (1) As part of the ballot proposition to approve the imposition of a retail transactions and use tax pursuant to Chapter 2 (commencing with Section 7285)…
- § 55802 (a) The bonds authorized by the voters pursuant to Section 55800 may be issued at any time by the authority and shall be payable from the proceeds of the tax.…
- § 55803 Limited tax bonds issued under this chapter may be used only for the following purposes: (a) To finance the capital outlay expenditures to carry out the…
- § 55804 Limited tax bonds shall be issued pursuant to a resolution adopted at any time, and from time to time, by a two-thirds vote of the governing board of the…
- § 55805 (a) A resolution providing for the issuance of bonds pursuant to this chapter shall state all of the following: (1) The purposes for which the proposed debt is…
- § 55806 The authority may provide for the limited tax bonds to bear a variable or fixed interest rate, for the manner and intervals in which the rate shall vary, and…
- § 55807 (a) In the resolution authorizing the issuance of the bonds, the authority may also provide for the call and redemption of the bonds prior to maturity at the…
- § 55808 The principal of, and interest on, the bonds, shall be payable in lawful money of the United States at the office of the treasurer or auditor-controller of the…
- § 55809 (a) The bonds, or each series thereof, shall be signed by the chairperson or vice chairperson of the governing board of the authority or the treasurer or…
- § 55810 The bonds may be sold as the authority determines by resolution, and the bonds may be sold at a price above or below par, whether by negotiated or public sale.
- § 55811 Delivery of any bonds issued pursuant to this chapter may be made at any place either inside or outside the state, and the purchase price may be received in…
- § 55812 All accrued interest and premiums received on the sale of the bonds shall be placed in the fund to be used for the payment of the principal of, and interest…
- § 55813 (a) The authority may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the authority upon the terms, at…
- § 55814 Refunding bonds may be issued in a principal amount sufficient to pay all, or any part of, the principal of the outstanding bonds, the premiums, if any, due…
- § 55815 (a) The authority may borrow money in anticipation of the sale of bonds which have been authorized pursuant to this chapter, but which have not been sold or…
- § 55816 Any limited tax bonds issued pursuant to this chapter are a legal investment for all trust funds, for the funds of insurance companies, commercial and savings…
- § 55817 Notwithstanding any other provision of law: (a) The authority and its revenues are exempt from all taxes on, or measured by, income. (b) Bonds issued by the…
- § 55818 (a) Bonds issued pursuant to this chapter do not constitute a debt or liability of the state or of any other public agency, other than the authority issuing…
- § 55819 Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this chapter or the issuance of…
- § 55820 The authority has no power to impose any tax other than the transactions and use tax imposed upon approval of the voters in accordance with this chapter.
- § 55821 If any provision of this chapter or the application thereof to any person or circumstance is held invalid, that invalidity shall not affect other provisions or…