reglab/housing_qa huggingface dataset:
CA Health & Safety Code § 33641.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33641.5.

33641.5.  (a)  As used in this section: (1)  “Collateral” means any revenues, moneys, accounts receivable, contracts rights, and other rights to payment of whatever kind or other property subject to the pledge provided for or created in a pledge document. (2)  “Pledge document” means the resolution, indenture, trust agreement, loan agreement, lease, installment sale agreement, reimbursement agreement, pledge agreement, or similar agreement in which the pledge is provided for or created. (3)  “Pledge” means a committment of, by the grant of a lien on and a security interest in, the collateral referred to in a pledge document. (b)  A pledge of collateral by a redevelopment agency to secure, directly or indirectly, the payment of the principal or redemption price of, or interest on, any bonds, or any reimbursement agreement with any provider of credit to bonds, which is issued by or entered into by an agency shall be valid and binding in accordance with the terms of the pledge document from the time the pledge is made for the benefit of pledgees and successors thereto. The collateral shall immediately be subject to the pledge, and the pledge shall constitute a lien and security interest which immediately shall attach to the collateral and be effective, binding, and enforceable against the pledgor, its successors, purchasers of the collateral, creditors, and all others asserting the rights therein, to the extent set forth, and in accordance with, the pledge document irrespective of whether those parties have notice of the pledge and without the need for any physical delivery, recordation, filing, or further act.(Added by Stats. 1989, Ch. 1264, Sec. 8.)
CA Health & Safety Code § 33642 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33642.

33642.  Any of such bonds may be additionally secured by a pledge of any revenues or by an encumbrance by mortgage, deed of trust, or otherwise of any redevelopment project or other property of the agency or by a pledge of the taxes referred to in subdivision (c) of Section 33641, or by any combination thereof.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33643 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33643.

33643.  Neither the members of an agency nor any persons executing the bonds are liable personally on the bonds by reason of their issuance.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33644 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33644.

33644.  The bonds and other obligations of any agency are not a debt of the community, the State, or any of its political subdivisions and neither the community, the State, nor any of its political subdivisions is liable on them, nor in any event shall the bonds or obligations be payable out of any funds or properties other than those of the agency; and such bonds and other obligations shall so state on their face. The bonds do not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33645 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33645.

33645.  The agency may authorize bonds by resolution. The resolution, trust indenture, or mortgage may provide for:(a)  The issuance of the bonds in one or more series. (b)  The date the bonds shall bear. (c)  The maturity dates of the bonds. (d)  The rate or maximum rate of interest on the indebtedness, which shall not exceed the maximum rate permitted by Section 53531 of the Government Code, and need not be recited if the rate does not exceed 4 1/2 percent. The interest may be fixed or variable and may be simple or compound. The interest shall be payable at the time or times determined by the agency. (e)  The denomination of the bonds. (f)  Their form, either coupon or registered. (g)  The conversion or registration privileges carried by the bonds. (h)  The rank or priority of the bonds. (i)  The manner of their execution. (j)  The medium of payment. (k)  The place of payment. ( l)  The terms of redemption with or without premium to which the bonds are subject. (m)  The maximum amount of bonded indebtedness in compliance with, and not to exceed, the limit specified in the redevelopment plan as required in Section 33334.1. The resolution, trust indenture, or mortgage shall provide that tax-increment funds allocated to an agency pursuant to Section 33670 shall not be payable to a trustee on account of any issued bonds when sufficient funds have been placed with the trustee to redeem all outstanding bonds of the issue.(Amended by Stats. 1987, Ch. 212, Sec. 2. Effective July 23, 1987. See provisions for inoperation in subd. (a) of Section 34189.)
CA Health & Safety Code § 33645.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33645.5.

33645.5.  Notwithstanding Section 33645 or any other provision of law, the rate of interest on any indebtedness or obligation of an agency which is payable to the federal government or any agency or instrumentality thereof or on any such indebtedness or obligation guaranteed by the federal government or any instrumentality thereof may be at a rate higher than the limitation established in Section 33645, or any other law, if such rate is the rate established by the federal government or any instrumentality thereof. Any such indebtedness or obligation shall be in such form and denomination, have such maturity, and be subject to such conditions as may be prescribed by the federal government or agency or instrumentality thereof.(Added by Stats. 1979, Ch. 29.)
CA Health & Safety Code § 33646 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33646.

33646.  The bonds may be sold at no less than par less a discount of not to exceed 5 percent, at public sale held after notice published once at least five days prior to the sale in a newspaper of general circulation published in the community, or, if there is none, in a newspaper of general circulation published in the county. The bonds may be sold at not less than par to the federal government at private sale without any advertisement.The amendment to this section made at the 1969 Regular Session of the Legislature shall be applicable to bonds of a redevelopment agency which have been authorized by the agency prior to the effective date of the amendment but which have not been issued prior to such date.(Amended by Stats. 1969, Ch. 600.)
CA Health & Safety Code § 33647 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33647.

33647.  If any agency member or officer whose signature appears on bonds or coupons ceases to be such member or officer before delivery of the bonds, his signature is as effective as if he had remained in office.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33648 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33648.

33648.  Bonds issued pursuant to this part are fully negotiable.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33649 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33649.

33649.  In any action or proceedings involving the validity or enforceability of any bonds or their security, any such bond reciting in substance that it has been issued by the agency to aid in financing a redevelopment project is conclusively deemed to have been issued for a redevelopment project and the project is conclusively deemed to have been planned, located, and constructed pursuant to this part.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33650 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33650.

33650.  In connection with the issuance of bonds, and in addition to its other powers, an agency has the powers prescribed in Sections 33651 to 33659, inclusive.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33651 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33651.

33651.  An agency may:(a)  Pledge all or any part of its gross or net rents, fees, or revenues to which its right then exists or may thereafter come into existence. (b)  Encumber by mortgage, deed of trust, or otherwise all or any part of its real or personal property, then owned or thereafter acquired. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33652 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33652.

33652.  An agency may covenant:(a)  Against pledging all or any part of its rents, fees, and revenues. (b)  Against encumbering all or any part of its real or personal property, to which its right or title then exists or may thereafter come into existence. (c)  Against permitting any lien on such revenues or property. (d)  With respect to limitations on its right to sell, lease, or otherwise dispose of all or part of any redevelopment project. (e)  As to what other, or additional debts or obligations it may incur. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33653 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33653.

33653.  An agency may:(a)  Covenant as to the bonds to be issued, as to the issuance of such bonds in escrow or otherwise, and as to the use and disposition of the bond proceeds. (b)  Provide for the replacement of lost, destroyed, or mutilated bonds. (c)  Covenant against extending the time for the payment of its bonds or interest. (d)  Redeem the bonds, covenant for their redemption, and provide the redemption terms and conditions. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33654 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33654.

33654.  An agency may:(a)  Covenant as to the consideration or rents and fees to be charged in the sale or lease of a redevelopment project, the amount to be raised each year or other period of time by rents, fees, and other revenues, and as to their use and disposition. (b)  Create or authorize the creation of special funds for money held for redevelopment or other costs, debt service, reserves, or other purposes, and covenant as to the use and disposition of such money. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33655 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33655.

33655.  An agency may prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds whose holders are required to consent thereto, and the manner in which such consent may be given.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33656 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33656.

33656.  An agency may covenant:(a)  As to the use of any or all of its real or personal property. (b)  As to the maintenance of its real and personal property, its replacement, the insurance to be carried on it, and the use and disposition of insurance money. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33657 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33657.

33657.  An agency may:(a)  Covenant as to the rights, liabilities, powers, and duties arising upon the breach by it of any covenant, condition, or obligation. (b)  Covenant and prescribe as to events of default and terms and conditions upon which any or all of its bonds or obligations become or may be declared due before maturity, and as to the terms and conditions upon which such declaration and its consequences may be waived. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33658 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33658.

33658.  An agency may:(a)  Vest in a trustee or the holders of bonds or any proportion of them the right to enforce the payment of the bonds or any covenants securing or relating to the bonds. (b)  Vest in a trustee the right, in the event of a default by the agency, to take possession of all or part of any redevelopment project, to collect the rents and revenues arising from it and to dispose of such money pursuant to the agreement of the agency with the trustee. (c)  Provide for the powers and duties of a trustee and limit his liabilities. (d)  Provide the terms and conditions upon which the trustee or the holders of bonds or any proportion of them may enforce any covenant or rights securing or relating to the bonds. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33659 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33659.

33659.  An agency may:(a)  Exercise all or any part or combination of the powers granted in Sections 33651 to 33658 inclusive. (b)  Make covenants other than and in addition to the covenants expressly authorized in such sections of like or different character. (c)  Make such covenants and to do any and all such acts and things as may be necessary, convenient, or desirable to secure its bonds, or, except as otherwise provided in this part, as will tend to make the bonds more marketable notwithstanding that such covenants, acts, or things may not be enumerated in this part. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33660 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33660.

33660.  In addition to all other rights which may be conferred on him, and subject only to any contractual restrictions binding upon him, an obligee may:(a)  By mandamus, suit, action, or proceeding, compel the agency and its members, officers, agents, or employees to perform each and every term, provision, and covenant contained in any contract of the agency with or for the benefit of the obligee, and require the carrying out of any or all such covenants and agreements of the agency and the fulfillment of all duties imposed upon it by this part. (b)  By suit, action, or proceeding in equity, enjoin any acts or things which may be unlawful, or the violation of any of the rights of the obligee. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33661 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33661.

33661.  By its resolution, trust indenture, mortgage, lease, or other contract, an agency may confer upon any obligee holding or representing a specified amount in bonds, the following rights upon the happening of an event or default prescribed in such resolution or instrument, to be exercised by suit, action, or proceeding in any court of competent jurisdiction:(a)  To cause possession of all or part of any redevelopment project to be surrendered to any such obligee. (b)  To obtain the appointment of a receiver of all or part of any redevelopment project of the agency and of the rents and profits from it. If a receiver is appointed, he may enter and take possession of the redevelopment project or any part of it, operate and maintain it, collect and receive all fees, rents, revenues, or other charges thereafter arising from it, and shall keep such money in separate accounts and apply it pursuant to the obligations of the agency as the court shall direct. (c)  To require the agency and its members and employees to account as if it and they were the trustees of an express trust. (Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33662 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33662.

33662.  The bonds are issued for an essential public and governmental purpose, and together with interest on them and income from them are exempt from all taxes.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33663 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33663.

33663.  Notwithstanding any restrictions on investments contained in any laws, the state and all public officers, municipal corporations, political subdivisions, and public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, guardians, conservators, trustees, and other fiduciaries may legally invest any sinking funds, money, or other funds belonging to them or within their control in any bonds or other obligations issued by an agency. Such bonds and other obligations are authorized security for all public deposits. It is one of the purposes of this part to authorize any persons, firms, corporations, associations, political subdivisions, bodies and officers, public and private, to use any funds owned or controlled by them, including, but not limited to, sinking, insurance, investment, retirement, compensation, pension, and trust funds, and funds held on deposit, for the purchase of any such bonds or other obligations. This part does not relieve any person, firm, or corporation from any duty of exercising reasonable care in selecting securities.(Amended by Stats. 1979, Ch. 730.)
CA Health & Safety Code § 33665 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 5 - Agency Bonds|Section 33665.

33665.  All of the provisions of this article are subject to the limitations of Article 3 (commencing with Section 33620) of this chapter.(Added by Stats. 1963, Ch. 1812.)
CA Health & Safety Code § 33670.5 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 6 - Taxation|Section 33670.5.

33670.5.  Section 33670 fulfills the intent of Section 16 of Article XVI of the Constitution. To further carry out the intent of Section 16 of Article XVI of the Constitution, whenever that provision requires the allocation of money between agencies such allocation shall be consistent with the intent of the people when they approved Section 16 of Article XVI of the Constitution. Whenever money is allocated between agencies by means of a comparison of assessed values for different years, that comparison shall be based on the same assessment ratio. When there are different assessment ratios for the years compared, the assessed value shall be changed so that it is based on the same assessment ratio for the years so compared.(Added by Stats. 1978, Ch. 1207.)
CA Health & Safety Code § 33670.9 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 6 - Taxation|Section 33670.9.

33670.9.  (a)  For a period of 20 years commencing on July 1, 1996, the Orange County Development Agency shall transfer to the general fund of the County of Orange an amount equal to four million dollars ($4,000,000) a year in two equal installments on June 15 and February 15 of each year. The Orange County Development Agency shall not incur any obligation with respect to loans, advances of money, or indebtedness, whether funded, refunded, assumed, or otherwise, that would impair its ability to make the foregoing transfers or that would cause the foregoing transfers to violate Section 16 of Article XVI of the California Constitution or subdivision (b) of Section 33670. Funds allocated to low- and moderate-income housing pursuant to Section 33334.2 shall not be used for purposes of this section. (b)  This section shall not take effect unless and until (1) a plan of adjustment is confirmed in Case No. SA-94-22272-JR in the United States Bankruptcy Court for the Central District of California or (2) a trustee is appointed pursuant to Chapter 10 (commencing with Section 30400) of Division 3 of Title 3 of the Government Code. (Added by Stats. 1995, Ch. 745, Sec. 4. Effective January 1, 1996. Section conditionally operative by its own provisions.)
CA Health & Safety Code § 33671 (2021)
2021 California Code|Health and Safety Code - HSC|DIVISION 24 - COMMUNITY DEVELOPMENT AND HOUSING|PART 1 - COMMUNITY REDEVELOPMENT LAW|CHAPTER 6 - Financial Provisions|ARTICLE 6 - Taxation|Section 33671.

33671.  In any redevelopment plan or in the proceedings for the advance of moneys, or making of loans, or the incurring of any indebtedness (whether funded, refunded, assumed, or otherwise) by the redevelopment agency to finance or refinance, in whole or in part, the redevelopment project, the portion of taxes mentioned in subdivision (b) of Section 33670 may be irrevocably pledged for the payment of the principal of and interest on such loans, advances, or indebtedness.(Added by Stats. 1963, Ch. 1812.)