CHAPTER 4. Bonds and Notes [32100. - 32154.]

Chapter 4 added by Stats. 1983, Ch. 1264, Sec. 1.

§§ 32100–32154 · 22 sections

1. ARTICLE 1. General §§ 32100–32116 · 17 sections

   • § 32100 The total amount of bonds which may be outstanding at any one time under this division shall not exceed six hundred fifty million dollars ($650,000,000). Bonds…
   • § 32101 The Legislature may, by statute, authorize the authority to issue bonds in excess of the amount specified in Section 32100.
   • § 32102 (a) The authority is authorized from time to time to issue its negotiable bonds to provide funds to achieve its purposes. (b) Bonds may be authorized to…
   • § 32103 Except as otherwise expressly provided by the authority, every issue of its bonds shall be general obligations of the authority payable from any revenues or…
   • § 32104 Subject to the limitations in Sections 32100 and 32101, the bonds may be issued as serial bonds or as term bonds, or the authority may, in its discretion,…
   • § 32105 The bonds or notes shall be sold by the Treasurer within 60 days after receipt of a certified copy of the authority’s resolution authorizing the sale of the…
   • § 32106 Any resolution or resolutions authorizing any bonds or any issue of bonds may contain the following provisions, which shall be a part of the contract with the…
   • § 32107 Neither the members of the authority nor any person executing the bonds or notes shall be liable personally on the bonds or notes or be subject to any personal…
   • § 32108 The authority may, out of any funds available therefor, purchase its bonds or notes. The authority may hold, pledge, cancel, or resell the bonds, subject to…
   • § 32109 In the discretion of the authority, any bonds issued under this division may be secured by a trust agreement by and between the authority and a corporate…
   • § 32110 (a) The trust agreement or the resolution providing for the issuance of the bonds may pledge or assign the revenues to be received or proceeds of any contract…
   • § 32111 Notwithstanding any other provision of law, the Treasurer shall not be deemed to have a conflict of interest by reason of acting as trustee pursuant to this…
   • § 32112 All expenses incurred in carrying out the provisions of this trust agreement or resolution may be treated as a part of the cost of the operation of a project.
   • § 32113 Bonds issued under this division do not constitute a debt or liability of the state or of any political subdivision thereof, other than the authority, or a…
   • § 32114 (a) The authority may provide for the issuance of bonds of the authority for the purpose of refunding any bonds, notes, or other securities of the authority…
   • § 32115 Bonds issued by the authority are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust…
   • § 32116 No liability shall be incurred by the authority beyond the extent to which moneys have been provided under this division, except that, for the purposes of…
2. ARTICLE 2. Supplemental Bond Provisions §§ 32150–32154 · 5 sections

   • § 32150 The authority is not required to pay any property taxes or assessments upon, or with respect to, an urban waterfront restoration project or any property…
   • § 32151 Subject to Section 32153, the existence of the authority may be terminated by statute at any time by the Legislature. Upon dissolution of the authority, the…
   • § 32152 This division provides a complete, additional, and alternative method for the doing of the things authorized thereby, and shall be regarded as supplemental and…
   • § 32153 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…
   • § 32154 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…