CHAPTER 7. Revenue Bonds

Chapter 7 added by Stats. 1977, Ch. 610.

§§ 51350–51375 · 25 sections

§ 51350 (a) The agency may, from time to time, issue its bonds in the principal amount that the agency determines necessary to provide sufficient funds for financing…
§ 51350.5 The limitation set forth in Section 51350 on the amount of the agency’s bonds which may be concurrently outstanding, including any changes, expansions of, or…
§ 51352 Except as may otherwise be expressly provided by resolution of the agency, every issue of its bonds shall be general obligations of the agency payable out of…
§ 51353 The bonds shall be authorized by resolution or resolutions of the agency, shall be in such form, shall bear such date or dates, and shall mature at such time…
§ 51354 The agency may, from time to time, issue (1) bonds to renew bonds and (2) other bond obligations to pay bonds including the interest thereon, and, whenever it…
§ 51355 Any resolution or resolutions authorizing any bonds or issue therefor may contain provisions, which shall be a part of the contract or contracts with the…
§ 51356 Any resolution or resolutions authorizing any bonds or issue thereof shall specify the extent to which revenues resulting from loans made with proceeds of the…
§ 51357 Any pledge made by the agency shall be valid and binding from the time when the pledge is made. The revenues, moneys, or property so pledged and thereafter…
§ 51358 Bond underwriters and consultants shall be selected by the agency.
§ 51359 The members of the board, the executive director of the agency, or any other person executing such notes or bonds shall not be subject to any personal…
§ 51361 The Treasurer shall act as trustee for the agency and the holders of its bonds, provided the Treasurer elects to serve as trustee with respect to a particular…
§ 51362 The State Treasurer or other trustee acting on behalf of bondholders shall have and possess all the powers necessary or convenient for the exercise of any…
§ 51363 Whether or not the bonds are of such form and character as to be negotiable instruments under, or subject to, the terms of the California Uniform Commercial…
§ 51364 In the event any of the board members or officers of the agency whose signatures appear on any bonds or coupons shall cease to be such board members or…
§ 51365 Proceeds derived from the issuance of bonds or securities and any interest or other increment derived from the investment thereof may be used for any of the…
§ 51366 The agency, in its discretion and pursuant to agreements with bondholders, may create and establish one or more special accounts in the California Housing…
§ 51367 The agency shall not at any time issue bonds if, upon issuance of the bonds, the amount in any bond reserve fund, established pursuant to Section 51366 to…
§ 51368 (a) The Supplementary Bond Security Account is hereby created in the California Housing Finance Fund. Moneys in the account may be transferred into separate,…
§ 51369 The agency shall create and establish such other accounts in the California Housing Finance Fund as may be necessary or desirable for its agency purposes.
§ 51370 In addition to the authority otherwise contained in this division to issue notes in anticipation of the sale of bonds, the agency may issue negotiable bond…
§ 51371 The agency may provide for the issuance of refunding bonds for the purpose of refunding any bonds then outstanding which have been issued under the provisions…
§ 51372 Refunding bonds issued as provided in Section 51371 may be sold, or exchanged for outstanding bonds issued under this part and, if sold, the proceeds thereof…
§ 51373 The state does hereby pledge to and agree with the holders of any bonds issued under this part that the state will not limit or alter the rights hereby vested…
§ 51374 Bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof,…
§ 51375 The bonds of the agency shall be legal investments in which all public officers and public bodies of this state, its political subdivisions, all municipalities…