ARTICLE 1. General [32100. - 32116.]

Article 1 added by Stats. 1983, Ch. 1264, Sec. 1.

§§ 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…