CHAPTER 7. Formation of Improvement Districts for Issuance of Revenue Bonds [71980. - 71996.]
Chapter 7 added by Stats. 1975, Ch. 229.
§§ 71980–71996 · 17 sections
ARTICLE 1. Initiation of Proceedings §§ 71980–71985 · 6 sections
- § 71980 Whenever the board deems it necessary to incur a bonded indebtedness for the acquisition, construction, completion, or repair of any or all improvements, works…
- § 71981 The resolution of intention shall state that the board intends to form a revenue improvement district of a portion of the district which in the opinion of the…
- § 71982 The resolution of intention shall also state: (a) The purpose for which the proposed debt is to be incurred and a general description of the enterprise. (b)…
- § 71983 The resolution of intention shall also state that a general description of the proposed enterprise, together with a map showing the exterior boundaries of the…
- § 71984 The resolution of intention shall also state: (a) The time and place for a hearing by the board on the questions of the formation and extent of the proposed…
- § 71985 Notice of the hearing shall be given by publishing a copy of the resolution of intention pursuant to Section 6066 of the Government Code prior to the time…
ARTICLE 2. Hearing and Changes § 71986 · 1 section
- § 71986 Except as otherwise provided in this article, the board shall proceed with the hearing, conduct the hearing, make changes to the enterprise or the estimated…
ARTICLE 3. Formation of Revenue Improvement District §§ 71987–71990 · 4 sections
- § 71987 At the conclusion of the hearing, the board shall by resolution determine whether it is deemed necessary to form the proposed revenue improvement district and…
- § 71988 The determinations made in the resolution of formation shall be final and conclusive.
- § 71989 After the formation of the revenue improvement district pursuant to this chapter, all proceedings for the purpose of a revenue bond election by the revenue…
- § 71990 Except as otherwise provided by this chapter, after the formation of the improvement district pursuant to this chapter, the improvement district shall be a…
ARTICLE 4. Calling of Revenue Bond Election §§ 71991–71994 · 4 sections
- § 71991 After the board has made its determination of the matters required to be determined by the resolution of formation, and if the board deems it necessary to…
- § 71992 The resolution calling the revenue bond election shall be adopted, contain the statement, be published and provide for issuance of the revenue bonds in…
- § 71993 If the issuance of the revenue bonds is authorized at the election, the board shall provide for their issuance, sale, authentication, form and redemption in…
- § 71994 It is the intent of the Legislature that the provisions of this article shall be in addition to, and not exclusive of, the powers and duties of the revenue…
ARTICLE 5. Advance of Funds §§ 71995–71996 · 2 sections
- § 71995 The board may advance general funds of the district to accomplish the purposes of a revenue improvement district formed pursuant to this chapter.
- § 71996 The board may repay the district for any advance of funds from the proceeds of the sale of revenue bonds authorized for the purposes of the improvement…