ARTICLE 8. Miscellaneous [490. - 491.3.]
Article 8 added by Stats. 1978, Ch. 1274.
§§ 490–491.3 · 14 sections
- § 490 All revenue bonds and the income therefrom are at all times exempt from taxation in the State of California, except for transfer, inheritance, and gift taxes.
- § 490.1 All revenue bonds shall be legal investments for all trust funds, for the funds of all insurance companies, banks (both commercial and savings), trust…
- § 490.2 Any money or funds which may by law be invested in bonds of the State of California may be invested in revenue bonds authorized under Section 481.
- § 490.3 Whenever any bonds of the State of California may by law be used as security for the performance of any act or the deposit of any public money, revenue bonds…
- § 490.4 All revenue bonds, subject to the provisions for registration contained therein, are negotiable instruments.
- § 490.5 The department may include in the proceedings authorizing the issuance of revenue bonds any provisions not inconsistent with this chapter which limit,…
- § 490.6 The department may provide in the proceedings authorizing issuance of revenue bonds for the establishment of one or more reserve funds or accounts out of the…
- § 490.7 The National Guard Members’ Finance Committee may authorize the sale by the State Treasurer of any of the revenue bonds authorized under this chapter to the…
- § 490.8 Warrants for the payments to be made on account of the revenue bonds either as to principal, interest, premium, or otherwise shall be duly drawn by the State…
- § 490.9 Notwithstanding anything contained in this chapter, the proceeds received from the sale of revenue bonds and any revenues received by the department from…
- § 491 If any article, section, subdivision, sentence, clause, or phrase of this chapter is for any reason held to be unconstitutional or invalid or unenforceable,…
- § 491.1 All money in any of the funds or accounts created or authorized to be created in any resolution of issuance under the provisions of this chapter is hereby…
- § 491.2 For the purposes of meeting the necessary expenses of initial organization and operation until such date as the department derives revenues or proceeds from…
- § 491.3 The department may impose such limitations, restrictions, and conditions upon or in connection with the benefits conferred pursuant to the California National…