PART 6.5. VARIABLE INTEREST RATE BONDS [8660. - 8665.5.]

Part 6.5 added by Stats. 1985, Ch. 1332, Sec. 7.

§§ 8660–8665.5 · 11 sections

• § 8660 As an alternative to any other authority, a legislative body may, at its discretion, issue bonds bearing a variable interest rate pursuant to this division.…
• § 8660.5 The legislative body may determine to issue serial or term bonds, or both, bearing a variable interest rate that represent and are secured by assessments which…
• § 8661 If the legislative body determines to issue bonds as provided in this part to represent the expense of any proposed work or improvement, it shall, in the…
• § 8662 The bonds shall be substantially in the form set forth in Section 8652, except as revised to conform to this part.
• § 8663 The unpaid assessments shall be payable in substantially the manner set forth in subdivision (a) of Section 8680, or in substantially the same manner, but at…
• § 8663.5 Interest on all unpaid assessments shall run from the date of the bonds, and shall be computed for each interest pay period at the date determined pursuant to…
• § 8664 Each bond, or any portion of the bond in a fixed amount or any integral multiple of the fixed amount, shall be subject to redemption in advance of its maturity…
• § 8664.3 The legislative body may, by resolution, specify that the interest rate on the bonds may vary from time to time as determined by a bond index or some other…
• § 8664.5 The legislative body may, by resolution, specify terms and conditions under which the bonds may be converted to a fixed interest rate.
• § 8665 The legislative body may, by resolution, specify terms and conditions under which the city agrees to repurchase the bonds. The legislative body may secure a…
• § 8665.5 The notice of assessment recorded with the county recorder pursuant to Section 3114 shall include the following statement: Notice is further given that unpaid…