BlackletterCalifornia law

CHAPTER 1. California Alternative Energy and Advanced Transportation Financing Authority [26000. - 26037.]

Heading of Chapter 1 amended by Stats. 1994, Ch. 1218, Sec. 3.

§§ 26000–26037 · 35 sections

  1. ARTICLE 1. General Provisions and Definitions §§ 26000–26003 · 5 sections
    • § 26000 This division shall be known, and may be cited, as the California Alternative Energy and Advanced Transportation Financing Authority Act.
    • § 26001 The Legislature hereby finds and declares both of the following: (a) It is essential that the state, in cooperation with the federal government, use all…
    • § 26002 It is the purpose of this division to advance the state’s goals of reducing the levels of greenhouse gas emissions, increasing the deployment of sustainable…
    • § 26002.5 This division is necessary for the welfare of the state and its inhabitants, and shall be liberally construed to effect its purposes.
    • § 26003 (a) As used in this division, unless the context otherwise requires: (1) (A) “Advanced manufacturing” means manufacturing processes that improve existing or…
  2. ARTICLE 2. Organization of Authority and General Powers and Duties Thereof §§ 26004–26017 · 12 sections
    • § 26004 (a) There is in the state government the California Alternative Energy and Advanced Transportation Financing Authority. The authority constitutes a public…
    • § 26005 All members of the authority shall serve thereon without compensation as members of the authority.
    • § 26006 The provisions of this division shall be administered by the authority which shall have and is hereby vested with all powers reasonably necessary to carry out…
    • § 26007 The authority shall maintain an office in the City of Sacramento.
    • § 26008 The authority may employ an executive director and any other persons as are necessary to enable it properly to perform the duties imposed upon it by this…
    • § 26009 The authority may adopt, amend, or repeal all rules and regulations necessary to carry out this division as emergency regulations in accordance with the…
    • § 26010 (a) The Attorney General shall be the legal counsel for the authority, but with the approval of the Attorney General, the authority may employ such legal…
    • § 26011 The authority is authorized and empowered: (a) To adopt an official seal. (b) To sue and be sued in its own name. (c) To issue bonds, notes, bond anticipation…
    • § 26011.8 (a) The purpose of this section is to promote the creation of California-based manufacturing, high-quality California-based jobs, advanced manufacturing, the…
    • § 26014 When the principal of and interest on bonds of the authority issued to finance or refund the cost of a particular project for a participating party shall have…
    • § 26015 (a) The authority, or the executive director of the authority, if authorized to do so by resolution of the authority, shall take official action towards the…
    • § 26017 The authority, no later than March 31 of each year, shall submit to the Legislature a report of its activities for the preceding calendar year ending December…
  3. ARTICLE 3. Bonds and Notes §§ 26022–26025 · 4 sections
    • § 26022 (a) The authority is authorized from time to time to issue its negotiable bonds, notes, debentures, or other securities (hereinafter collectively called…
    • § 26023 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 and…
    • § 26024 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,…
    • § 26025 (a) The authority is hereby authorized to provide for the issuance of bonds of the authority for the purpose of refunding, directly or indirectly, any bonds,…
  4. ARTICLE 3.5. Supplemental Bond Provisions §§ 26029–26029.8 · 5 sections
    • § 26029 The authority shall not be required to pay any property taxes or assessments upon, or in respect to, a project or any property acquired by or for the authority…
    • § 26029.4 Subject to Section 26029.6, the existence of the authority may be terminated at any time by the Legislature. Upon dissolution of the authority, the title to…
    • § 26029.5 This division shall be deemed to provide a complete, additional, and alternative method for the doing of the things authorized thereby, and shall be regarded…
    • § 26029.6 The State of California does hereby pledge to and agree with the holders of any obligations issued under this division, and with those parties who may enter…
    • § 26029.8 The powers granted to the authority by this division may be exercised without regard or reference to any department or agency of the state. All other general…
  5. ARTICLE 4. Construction and Leases of Facilities §§ 26030–26037 · 9 sections
    • § 26030 The authority may contract with any participating party for the construction or acquisition of a project by such participating party. All such contracts for…
    • § 26031 (a) The authority may, as lessor or lessee, enter into leases and agreements with any participating party relating to the acquisition, construction, and…
    • § 26032 The authority may enter into contracts of sale with any participating party covering any project financed by the authority. The purchase price pursuant to the…
    • § 26032.5 As an alternative to leasing or selling a project to a participating party, the authority may finance the acquisition, construction, or installation of a…
    • § 26033 All moneys received pursuant to the provisions of this division, whether as proceeds from the sale of bonds, notes, or other evidences of indebtedness or as…
    • § 26034 Any holder of bonds, notes, or other obligations issued under the provisions of this division, and the trustee or trustees under any trust agreement, except to…
    • § 26035 The exercise of the powers granted by this division shall be in all respects for the benefit of the people of this state, for their health and welfare, and…
    • § 26036 If the jurisdiction of the authority to order a proposed act is not affected, an omission of any officer or the authority in the proceedings under this…
    • § 26037 An action may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure to determine the validity of…