CHAPTER 3. Bonds and Notes [37930. - 37940.]
Chapter 3 added by Stats. 1973, Ch. 1201.
§§ 37930–37940 · 13 sections
- § 37930 (a) A local agency may, from time to time, issue its negotiable bonds or notes for the purpose of financing residential rehabilitation, including the…
- § 37930.5 In determining the amount of bonds to be issued, the local agency may include all costs of the issuance of such revenue bonds, bond reserve funds, and bond…
- § 37931 The bonds may be issued as serial bonds or as term bonds, or the local agency, in its discretion, may issue bonds of both types. The bonds shall be authorized…
- § 37932 Any resolution or resolutions authorizing any bonds or any issue of bonds may contain provisions respecting any of the following terms and conditions, which…
- § 37933 Neither the members of the governing board of the local agency nor any person executing the bonds or notes shall be liable personally on the bonds or notes or…
- § 37934 The local agency shall have the power out of any funds available therefor to purchase its bonds or notes. The local agency may hold, pledge, cancel, or resell…
- § 37935 In the discretion of the local agency, any bonds issued under the provisions of this part may be secured by a trust agreement by and between the local agency…
- § 37936 Any holder of bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees appointed pursuant to any…
- § 37937 Bonds issued under the provisions of this part shall not be deemed to constitute a debt or liability of the local agency or a pledge of the faith and credit of…
- § 37938 (a) The local agency may provide for the issuance of the bonds of the local agency for the purpose of refunding any bonds of the local agency then outstanding…
- § 37938.5 When not immediately required to provide financing under this chapter, revenues and the proceeds of bonds may be invested in any securities or obligations…
- § 37939 Notwithstanding any other provisions of law, bonds issued pursuant to this part shall be legal investments for all trust funds, the funds of insurance…
- § 37940 The exercise of the powers granted by this part shall be in all respects for the benefit of the people of this state and for their health and welfare. Any…