CHAPTER 7.5. Short-Term Borrowing [13371. - 13392.]
Chapter 7.5 added by Stats. 1971, Ch. 660.
§§ 13371–13392 · 11 sections
ARTICLE 1. Proceedings for Incurring Short-Term Indebtedness §§ 13371–13379 · 9 sections
- § 13371 A district may borrow money and incur indebtedness for the purposes of this chapter by the issuance of bonds, notes or other evidences of indebtedness by a…
- § 13372 The district may issue refunding bonds, notes, or other evidences of indebtedness for the purpose of paying and redeeming at or before maturity any bonds,…
- § 13373 General obligation indebtedness issued pursuant to this chapter shall be payable from any sources of available funds, including revenues or taxes. The board is…
- § 13374 This chapter applies only to districts which have owned and operated an electric distribution system or electric generating facilities or a water distribution…
- § 13375 As used in this chapter, the term “revenues of the district” shall have the same meaning as is provided in Section 54315 of the Government Code.
- § 13376 When bonds are issued under this article, the preliminary resolution of the board adopted pursuant to this article shall take effect upon its adoption by the…
- § 13377 Whenever a resolution authorizes the issuance of bonds pursuant to Section 13371, the board shall cause the resolution to be published in the manner provided…
- § 13378 If no such referendum petition is presented within the period of 60 days, then upon the expiration of such period, or if the proposition of issuing the bonds…
- § 13379 The board at any time may, and upon the filing of a referendum petition as provided in Section 13377 shall, adopt a resolution calling a special election for…
ARTICLE 2. Borrowing to Purchase Electricity §§ 13391–13392 · 2 sections
- § 13391 A district may borrow money and incur indebtedness for the purchasing of electricity; provided, that the maximum principal amount of indebtedness outstanding…
- § 13392 All provisions of this chapter not inconsistent with this article and not by their terms made inapplicable thereto shall apply to all evidences of indebtedness…