CHAPTER 4.95. Alternative Provisions for the Issuance of Bonds of Improvement Districts
Chapter 4.95 added by Stats. 1984, Ch. 998, Sec. 3.
§§ 36447–36447.15 · 14 sections
- § 36447 This chapter shall apply to the Irvine Ranch Water District, the Santa Margarita Water District, and the Moulton-Niguel Water District. As used in this…
- § 36447.1 Bonds for two or more improvement districts of the district may be issued and sold as consolidated bonds of the district in substantially the same manner and…
- § 36447.2 The provisions of Chapters 2 (commencing with Section 35950) and 3 (commencing with Section 36150) shall apply to the consolidated bonds to the extent they may…
- § 36447.3 It is the intent of the Legislature in enacting this chapter to preserve the status of the improvement districts’ bonds which have been consolidated, so that…
- § 36447.4 Before adopting a resolution approving the issuance of any consolidated bonds pursuant to this chapter and Chapter 3 (commencing with Section 36150), the board…
- § 36447.5 At the time and place so fixed or at any time or place to which the hearing is continued, the board shall hold the hearing provided by the resolution of…
- § 36447.6 If the board finds that protests against the proposed issuance of any consolidated bonds are signed by the owners of more than one-half of the area of the land…
- § 36447.7 At the conclusion of the hearing, in the absence of a majority protest pursuant to Section 36447.6, the board shall adopt a resolution making the finding…
- § 36447.9 The board may, if it determines that to do so would produce a lower interest cost on the bonds, sell bonds at private sale without advertising for bids.
- § 36447.10 The board may provide for the bonds to bear a variable interest rate, for the manner and intervals in which the rate shall vary, and for the dates on which the…
- § 36447.11 Refunding bonds issued under Article 6 (commencing with Section 36060) of Chapter 2 may be issued in the manner set forth in this chapter regardless of whether…
- § 36447.12 In lieu of refunding outstanding bonds by defeasing or calling for redemption, the board may also refund under Article 6 (commencing with Section 36060) of…
- § 36447.14 All acts and proceedings taken prior to the effective date of this chapter, which would be in accordance with this chapter if taken after the effective date,…
- § 36447.15 (a) (1) Notwithstanding Section 36447, this section applies only to the Irvine Ranch Water District and the Santa Margarita Water District. (2) As used in this…