ARTICLE 5. Bonds and Notes [44540. - 44549.]

Article 5 added by Stats. 1979, Ch. 839.

§§ 44540–44549 · 8 sections

• § 44540 The authority is authorized to incur indebtedness and to issue securities of any kind or class, and to renew the same, provided that all such indebtedness,…
• § 44541 At such times as the authority desires to issue bonds, as defined in Section 44542, it shall adopt a resolution specifying the total amount of such bonds…
• § 44542 (a) (1) The authority is authorized from time to time to issue its negotiable bonds, notes, debentures, or other securities (hereinafter collectively called…
• § 44543 (a) In the discretion of the authority, any bonds issued under the provisions of this division may be secured by a trust agreement by and between the authority…
• § 44544 Bonds issued under the provisions of this division shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof,…
• § 44545 (a) The authority may provide for the issuance of bonds of the authority for the purpose of refunding, directly or indirectly, any bonds, notes, or other…
• § 44548 (a) (1) Subject to any prior contractual obligations to any of its bondholders, the authority may establish one or more small business assistance funds in…
• § 44549 Any funds of the authority, including proceeds from the sale of bonds or notes issued after the effective date of this section, money set aside for the…