ARTICLE 2. Financial Matters [81425. - 81435.]

Article 2 added by Stats. 2002, Ch. 844, Sec. 1.

§§ 81425–81435 · 11 sections

• § 81425 The board shall adopt a budget for each fiscal year.
• § 81426 The accounts of the agency shall be audited annually in accordance with generally accepted auditing standards by independent certified public accountants with…
• § 81427 The agency may borrow money, incur indebtedness, and issue notes and bonds, as provided in this division or as otherwise authorized by law.
• § 81428 (a) The agency may issue revenue bonds upon the adoption of an ordinance by a two-thirds vote of all of the members of the board present and voting which also…
• § 81429 The agency may issue bonds for the purpose of refunding any revenue bonds of the agency, whether due or not due.
• § 81430 The agency may issue negotiable promissory notes to acquire funds for any agency purpose. The notes shall have a term not to exceed five years. The total…
• § 81431 The authority granted pursuant to the Improvement Act of 1911 (Division 7 (commencing with Section 5000) of the Streets and Highways Code), the Municipal…
• § 81432 Bonds and other evidences of indebtedness issued by the agency are legal investments for all trust funds and for funds of all insurers, commercial and savings…
• § 81433 The board may impose assessments sufficient to pay the operating expenses included in the budget, which shall be an obligation of each member public entity,…
• § 81434 The agency may use proceeds of bonds authorized by this division for the construction, reconstruction, or improvement of any works carried out by the agency.…
• § 81435 The agency may impose reasonable rates, fees, and charges on Stanford University, the California Water Service Company, and the agency’s member public entities…