CHAPTER 9. Benefit Assessment Districts
Chapter 9 added by Stats. 2003, Ch. 727, Sec. 1.
§§ 100600–100619 · 29 sections
- § 100600 The Legislature finds and declares that: (a) It is necessary and in the best interest of the citizens of the state to authorize the VTA to levy special benefit…
- § 100601 (a) Whenever the board finds that property adjacent to, or in the vicinity of, one or more rail transit stations, or proposed rail transit stations, of the VTA…
- § 100601.5 (a) The resolution shall state, as appropriate, the maximum and minimum rate of assessment, the amount of the special benefit assessment and the purposes for…
- § 100602 (a) In determining the amount of a special benefit assessment, the board shall measure the benefit to real property in the benefit district or zones therein…
- § 100602.4 (a) Where any parcel in the benefit district is owned in joint tenancy, tenancy in common, or any other multiple ownership, the owners of that parcel may…
- § 100602.8 If there is no majority protest to the imposition of an assessment, the board may levy the assessment in accordance with the resolution adopted pursuant to…
- § 100602.9 (a) Any owner or owners of real property, which is, in whole or in part, within the benefit district, or their legal representatives, may jointly or severally…
- § 100602.10 Notice of each hearing upon the petition for exclusion or reduction shall be given in accordance with subdivision (d) of Section 100601. Notice shall also be…
- § 100602.11 At the time and place provided in the notice or at any time and place to which the hearing is adjourned, the board or its appointed hearing officer shall hear…
- § 100602.12 The expenses of giving the notice provided for herein and of the hearing on the exclusion or reduction petition shall be paid by the persons filing the…
- § 100602.13 Upon the hearing on an exclusion or reduction petition by the board, or upon the record of hearing by a hearing officer, the board shall order the petition be…
- § 100602.14 The board, after the hearing on an exclusion or reduction petition, shall order one of the following by resolution: (a) In the case of an exclusion petition,…
- § 100603 (a) Following formation of the benefit district or concurrently therewith, if the board deems it necessary to incur a bonded indebtedness for the acquisition,…
- § 100604 At the time and place fixed for the hearing on the issuance of bonds payable from special benefit assessments levied under this chapter, or at any time and…
- § 100605 (a) Special benefit assessments for the payment of the principal of, and interest on, bonds issued for a benefit district or zone shall be levied in the…
- § 100606 (a) The bonds issued pursuant to this chapter shall bear interest at a rate or rates not exceeding 12 percent per annum, payable semiannually, except that the…
- § 100607 The bonds issued pursuant to this chapter may be sold as the board determines by resolution. The board may sell the bonds at a price below par. If the board…
- § 100608 Delivery of any bonds issued under this chapter may be made at any place either inside or outside the state, and the purchase price may be received in cash or…
- § 100609 (a) All accrued interest and premiums received on the sale of bonds issued by the VTA pursuant to this chapter shall be placed in the fund to be used for the…
- § 100610 (a) The board may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the VTA under this chapter upon the…
- § 100611 Any bonds issued under this chapter are legal investment for all trust funds; for the funds of insurance companies, commercial and savings banks, and trust…
- § 100612 The board may change the purposes for which any proposed debt is to be incurred, the estimated cost, the amount of bonded debt to be incurred, or the…
- § 100613 (a) The board shall not change the purposes, the estimated cost, the boundaries of the benefit district or zones, if any, therein, or the amount of bonded debt…
- § 100614 At the time and place fixed for a hearing on changes, or at any time and place to which the hearing is adjourned, the board shall proceed with the hearing. At…
- § 100615 All decisions and determinations of the board, upon notice and hearing, are final and conclusive upon all persons entitled to appeal to the board as to all…
- § 100616 Any action or proceeding which contests, questions, or denies the validity or legality of the formation of any benefit district or zone, the issuance of any…
- § 100617 When the board has imposed a special benefit assessment, the secretary shall so certify to the assessor of the county in which the territory of any benefit…
- § 100618 In the event of conflict with any other law, the provisions of this chapter shall prevail with respect to benefit districts within the boundaries of the VTA.
- § 100619 Notwithstanding any other provision of this chapter, the VTA shall not pledge any portion of its general fund revenues to pay any part of any bonded…