ARTICLE 4. Bonds and Notes [130530. - 130545.]
Article 4 added by Stats. 1984, Ch. 1646, Sec. 2.
§§ 130530–130545 · 17 sections
- § 130530 The commission may issue bonds for purposes authorized by this chapter, and to fund or refund them, pursuant to this chapter.
- § 130531 Notwithstanding any other provision of law: (a) The commission and its revenues are exempt from all taxes on, or measured by, income. (b) Bonds issued by the…
- § 130532 The commission may from time to time issue or renew notes in anticipation of the sale of bonds or otherwise. The commission may also issue notes partly to…
- § 130533 (a) Except as provided in this subdivision and as may be otherwise expressly provided by the commission, all issues of its bonds are special obligations of the…
- § 130534 (a) The bonds may be issued as serial bonds or as term bonds, or the commission, in its discretion, may issue bonds of both types. (b) The bonds shall be…
- § 130535 (a) At times that the commission desires to issue bonds, it shall adopt a resolution specifying the total amount of bonds proposed to be issued. (b) Any…
- § 130536 Neither the members of the commission, nor any person executing the bonds, are liable personally on the bonds, or are subject to any personal liability or…
- § 130537 The commission may, from any funds available therefor, purchase its bonds. The commission may hold, pledge, cancel, or resell the bonds, subject to, and in…
- § 130538 (a) At the discretion of the commission, any bonds issued under this chapter may be secured by a trust agreement by and between the commission and a trustee,…
- § 130538.5 The commission shall take no action which will materially impair the security pledged for any bonds which it has previously issued.
- § 130539 All expenses incurred in carrying out the provisions of the trust agreement or resolution may be treated as a part of the cost of the operation of a project.
- § 130540 (a) Bonds issued under this chapter do not constitute a debt or liability of the state or of any other public agency, other than the commission, or a pledge of…
- § 130541 The commission may provide for the issuance of bonds of the commission for the purpose of refunding any bond then outstanding, including the payment of any…
- § 130542 (a) The proceeds of any bonds issued for the purpose of refunding outstanding bonds may, in the discretion of the commission, be applied to the purchase or…
- § 130543 The proceeds of any bonds issued for the additional purpose of paying all or any part of the cost of constructing and acquiring additions, improvements,…
- § 130544 Bonds issued pursuant to Section 130542 are subject to this chapter in the same manner and to the same extent as other bonds issued pursuant to this chapter.
- § 130545 The bonds issued pursuant to this chapter are legal investments for all trust funds, the funds of all insurance companies, commercial or savings banks, trust…