CHAPTER 6. Transactions and Use Taxes [142250. - 142277.]

Chapter 6 added by Stats. 1986, Ch. 301, Sec. 4.

§§ 142250–142277 · 28 sections

§ 142250 (a) A retail transactions and use tax ordinance, applicable in the incorporated and unincorporated territory of the county may be imposed by the authority in…
§ 142251 The authority, in the retail transactions and use tax ordinance, shall state the nature of the tax to be imposed, shall provide the tax rate or rates or the…
§ 142252 (a) The county shall conduct an election called by the board of supervisors to implement this chapter pursuant to Section 142250, and the authority shall…
§ 142253 Any retail transactions and use tax ordinance adopted pursuant to this chapter shall be operative on the first day of the first calendar quarter commencing…
§ 142254 The revenues from the retail transactions and use taxes imposed pursuant to this chapter may be allocated by the authority for the administration of this…
§ 142255 A county transportation expenditure plan shall be prepared by the transportation planning agency for the expenditure of the revenues expected to be derived…
§ 142256 (a) A county transportation expenditure plan shall not be adopted by the authority until it has received the approval of the board of supervisors and of the…
§ 142257 (a) The expenditure plan shall specify the amount and the formula by which the retail transactions and use tax shall be allocated to each city and the county…
§ 142258 (a) Except as otherwise provided by Section 142260, the transportation planning agency may amend the expenditure plan. The transportation planning agency, at a…
§ 142259 Amendments to the expenditure plan adopted pursuant to Section 142255 are to provide for the use of additional federal, state, and local funds, to account for…
§ 142260 (a) The authority may, by the affirmative vote of a majority of the members, approve the updated expenditure plan adopted pursuant to Section 142258. (b) The…
§ 142261 If a retail transactions and use tax is adopted pursuant to this chapter, the authority shall prepare and submit a report to the Department of Transportation,…
§ 142262 The authority, subject to the approval of the voters, may impose the retail transactions and use tax at a maximum rate of one-half of 1 percent under this…
§ 142263 (a) The board of supervisors, or its designee, as part of the ballot proposition to approve the imposition of a retail transactions and use tax, shall seek…
§ 142264 (a) The bonds authorized by the voters concurrently with the approval of the retail transactions and use tax may be issued by the authority at any time, and…
§ 142265 Limited tax bonds shall be issued pursuant to a resolution adopted at any time by an affirmative vote of a majority of the members of the authority. Each…
§ 142266 (a) A resolution authorizing the issuance of limited tax bonds shall state all of the following: (1) The purpose for which the proposed debt is to be incurred,…
§ 142267 The bonds shall bear interest at a rate or rates not exceeding the maximum allowable by law, payable semiannually, except that the first interest payable on…
§ 142268 In the resolution authorizing the issuance of the bonds, the authority may also provide for call and redemption of the bonds prior to maturity at the times and…
§ 142269 The principal of, and interest on, the bonds shall be payable in lawful money of the United States at the office of the auditor-controller-treasurer of the…
§ 142270 (a) The bonds, or each series thereof, shall be dated and numbered consecutively and shall be signed by the chairperson or vice chairperson of the authority…
§ 142271 The bonds may be sold as the authority determines by resolution. The authority may sell the bonds at a price below par, whether by negotiated or public sale.
§ 142272 Delivery of any bonds may be made at any place either inside or outside the state, and the purchase price may be received in cash or bank credits.
§ 142273 All accrued interest and premiums received on the sale of the bonds shall be placed in the fund to be used for the payment of principal of, and interest on,…
§ 142274 (a) The authority may provide for the issuance, sale, or exchange or refunding bonds to redeem or retire any bonds issued by the authority upon the terms, at…
§ 142275 (a) The authority may borrow money in anticipation of the sale of bonds which have been authorized pursuant to this chapter, but which have not been sold and…
§ 142276 Any bonds issued under this chapter are legal investments for all trust funds; for the funds of insurance companies, commercial and savings banks, and trust…
§ 142277 Any action or proceeding wherein the validity of the adoption of the retail transactions and use tax ordinance provided for in this chapter, or the issuance of…