reglab/housing_qa huggingface dataset:
CA Govt Code § 5908 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5908.

5908.  The authority conferred by this chapter includes the authority to enter into any and all contracts incident to the exercise of the authority conferred by this chapter, including, without limitation, contracts for the performance of professional services.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)
CA Govt Code § 5909 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5909.

5909.  To the extent that the provisions of this chapter are inconsistent with any other provision of general law or special act or any part thereof, now or hereafter enacted, the provisions of this chapter shall be controlling.(Added by Stats. 1987, Ch. 845, Sec. 4. Effective September 21, 1987.)
CA Govt Code § 5920 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 12 - Public Finance Contracts|Section 5920.

5920.  The Legislature finds and declares that the incurring or carrying of obligations and making and managing of investments by state and local governments involves a variety of interest rates, payment, and other risks, that a number of financial instruments are available to offset, hedge, or reduce, and improve net costs, and that many state agencies and local governments lack express statutory authority to take advantage of those instruments.(Added by Stats. 1987, Ch. 846, Sec. 1.)
CA Govt Code § 5921 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 12 - Public Finance Contracts|Section 5921.

5921.  As used in this chapter, the following definitions apply, unless the context otherwise indicates or requires another or different meaning or intent:(a) “Bonds” mean bonds, notes, bond anticipation notes, commercial paper, or other evidences of indebtedness, or reimbursement warrants or refunding warrants, or lease, installment purchase, or other agreements or certificates of participation therein.(b) “State” means the state or any department, agency, board, commission, or authority of the state.(c) “Local government” means any city, city and county, county, public district, public corporation, authority, agency, board, commission, or other public entity.(Amended by Stats. 2006, Ch. 640, Sec. 1. Effective September 29, 2006.)
CA Govt Code § 5921.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 12 - Public Finance Contracts|Section 5921.5.

5921.5.  For purposes of this chapter, in addition to any other authorization provided by law, the Treasurer may enter into and manage on behalf of the state any contracts described in Section 5922 with respect to any state bonds for which the Treasurer acts as the agent for sale pursuant to Chapter 9 (commencing with Section 5700).(Added by Stats. 2006, Ch. 640, Sec. 2. Effective September 29, 2006.)
CA Govt Code § 5923 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 12 - Public Finance Contracts|Section 5923.

5923.  (a) To the extent that this chapter is inconsistent with any other general statute or special act or parts thereof, now or hereafter enacted, this chapter is controlling.(b) This chapter shall be liberally construed to effect its purpose.(Added by Stats. 1987, Ch. 846, Sec. 1.)
CA Govt Code § 5924 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 12 - Public Finance Contracts|Section 5924.

5924.  (a) (1) Notwithstanding Section 13340, there is hereby continuously appropriated without regard to fiscal years, from the General Fund in the State Treasury for the purpose of this chapter, an amount that will equal the sum annually as will be necessary to pay all obligations, including principal, interest, fees, costs, indemnities, and all other amounts incurred by the state under or in connection with any credit enhancement or liquidity agreement, as specified in paragraph (2), that is entered into by the state pursuant to this chapter for bonds payable pursuant to an appropriation from the General Fund.(2) A credit enhancement or liquidity agreement subject to this section includes a credit enhancement or liquidity agreement that is in the form of a letter of credit, standby purchase agreement, reimbursement agreement, liquidity facility, or other similar arrangement.(b) (1) If the agent for sale determines that the credit enhancement or liquidity agreement is expected to result in a lower cost of the borrowing for the bonds to which the credit enhancement or liquidity agreement pertains, the state may incur fees, costs, and other similar expenses under or in connection with any credit enhancement or liquidity agreement entered into by the state pursuant to this chapter.(2) The amount appropriated pursuant to subdivision (a) for fees, costs, and other similar expenses incurred in connection with any credit enhancement or liquidity agreement, when expressed as a percentage of the original principal amount of the bonds to which the credit enhancement or liquidity agreement pertains, may not exceed 3 percent.(3) The amount appropriated pursuant to subdivision (a) for interest incurred in connection with any credit enhancement or liquidity agreement, when expressed as a percentage of the outstanding principal amount of the bonds to which the credit enhancement or liquidity agreement pertains, may not exceed the interest rate percentage set forth in subdivision (d) of Section 16731.(Amended (as amended by Stats. 2009, Ch. 646, Sec. 1) by Stats. 2012, Ch. 32, Sec. 4. (SB 1006) Effective June 27, 2012.)
CA Govt Code § 5925 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 12 - Public Finance Contracts|Section 5925.

5925.  The purchase or other acquisition of bonds by or on behalf of the state or local government that issued the bonds does not cancel, extinguish, or otherwise affect the bonds and the bonds shall be treated as outstanding bonds for all purposes except to the extent otherwise determined by the issuer or otherwise provided in the constituent instruments defining the rights of the holders of the bonds.(Added by Stats. 2008, Ch. 3, Sec. 1. Effective March 26, 2008.)
CA Govt Code § 5950 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 13 - Fractional Interest in Local Agency Obligations|Section 5950.

5950.  As used in this chapter:(a) “Accredited investor” has the meaning specified in Rule 501 of the Securities Act of 1933.(b) “In this state” has the meaning specified in Section 25008 of the Corporations Code.(c) “Issuer” has the meaning specified in Section 25010 of the Corporations Code.(d) “Issuer transaction” means any transaction directly or indirectly for the benefit of the issuer. A transaction is indirectly for the benefit of the issuer if any portion of the purchase price of any security constituting a fractional interest in a lease, installment sale, or other obligation of a local agency involved in the transaction will be received indirectly by the issuer. An offer or sale that involves both an issuer transaction and a transaction that is not an issuer transaction shall be treated as separate transactions.(e) “Knowingly” means that a person, with respect to an offer or sale of a security constituting a fractional interest in a lease, installment sale, or other obligation of a local agency, does any of the following:(1) Has actual knowledge that the local agency has not consented to the offer or sale of such security.(2) Acts in deliberate ignorance of whether or not the local agency has consented to the offer or sale of that security.(3) Acts in reckless disregard of whether or not the local agency has consented to the offer or sale of that security.Proof of specific intent to violate Section 5951 is not required.(f) “Local agency” means a city, county, city and county, school district, special district, public corporation, or other public entity of this state.(g) “Person” has the meaning specified in Section 25013 of the Corporations Code.(h) “Qualified institutional buyer” has the meaning specified in Rule 144A of the Securities Act of 1933.(i) “Sale,” “sell,” “offer,” and “offer to sell” have the respective meanings specified in Section 25017 of the Corporations Code.(j) “Security” has the meaning specified in Section 25019 of the Corporations Code.(k) “Securities Act of 1933” and “Investment Company Act of 1940” means the federal statutes of those names as amended before or after the effective date of this chapter.(Added by Stats. 1994, Ch. 972, Sec. 3. Effective September 29, 1994.)
CA Govt Code § 5951 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 13 - Fractional Interest in Local Agency Obligations|Section 5951.

5951.  It is unlawful for any person to offer or sell in an issuer transaction in this state, or otherwise knowingly to offer or sell in this state, any security constituting a fractional interest in a lease, installment sale, or other obligation of a local agency without obtaining the prior written consent of that local agency to that offer or sale. However, this section shall not apply to any of the following:(a) Any security that constitutes a fractional interest in a lease, installment sale, or other obligation of a local agency and that was first issued and sold prior to October 2, 1993.(b) Offers or sales of shares or interests in any registered unit investment trust or management company, each as defined in the Investment Company Act of 1940.(c) Any security that constitutes a fractional interest in a lease, installment sale, or other obligation of a local agency and that is registered under the Securities Act of 1933.(d) Offers or sales of any security described in this section subsequent to an offer or sale of that security in compliance with this section.(e) Offers or sales of participation interests between financial institutions.(f) Any security that constitutes a fractional interest in a lease, installment sale, or other obligation of a local agency and that is created concurrently with, and as an integral part of, a financing to which the local agency is a party.(g) Offers or sales of any security that constitutes a fractional interest in a lease, installment sale, or other obligation of a local agency made solely to one or more persons who are reasonably believed to be qualified institutional buyers or accredited investors.(h) Any security that was first issued and sold prior to the effective date of this section if that security is either described in subdivision (b), (c), or (f), or was issued and sold in a transaction described in subdivision (d), (e), or (g).(Added by Stats. 1994, Ch. 972, Sec. 3. Effective September 29, 1994.)
CA Govt Code § 5952 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 13 - Fractional Interest in Local Agency Obligations|Section 5952.

5952.  Any consent granted by a local agency under Section 5951 shall be conclusively evidenced by a resolution of the governing body of the local agency, or by a written instrument executed on behalf of the local agency by its treasurer, chief financial officer, or purchasing agent, or by any other officer of the local agency authorized by resolution of the governing body thereof to grant consents under Section 5951.(Added by Stats. 1994, Ch. 972, Sec. 3. Effective September 29, 1994.)
CA Govt Code § 5953 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 13 - Fractional Interest in Local Agency Obligations|Section 5953.

5953.  No local agency that consents to an offer or sale of a security that constitutes a fractional interest in a lease, installment sale, or other obligation of the local agency shall be required to review any proceedings relating to the creation of the security or any of the offering or placement memoranda or any other marketing or descriptive materials relating to the security, and all memoranda or materials shall include a prominent statement on the face thereof substantially to the effect that the consenting local agency (specified by name) has not reviewed any of the proceedings relating to the creation of the security or any of the offering or placement memoranda or other marketing materials relating thereto.(Added by Stats. 1994, Ch. 972, Sec. 3. Effective September 29, 1994.)
CA Govt Code § 5954 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 13 - Fractional Interest in Local Agency Obligations|Section 5954.

5954.  Any person who violates this chapter shall upon conviction be fined not more than ten million dollars ($10,000,000), or imprisoned pursuant to subdivision (h) of Section 1170 of the Penal Code for five years, or be punished by both that fine and imprisonment.(Amended by Stats. 2011, Ch. 15, Sec. 128. (AB 109) Effective April 4, 2011. Operative October 1, 2011, by Sec. 636 of Ch. 15, as amended by Stats. 2011, Ch. 39, Sec. 68.)
CA Govt Code § 5955 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 13 - Fractional Interest in Local Agency Obligations|Section 5955.

5955.  The obtaining of local agency consent to an offer or sale of a security under Section 5951 shall not obviate the necessity of qualification of the offer or sale of such security under Division 1 (commencing with Section 25000) of Title 4 of the Corporations Code, unless the security or transaction is exempt from qualification under such law.(Added by Stats. 1994, Ch. 972, Sec. 3. Effective September 29, 1994.)
CA Govt Code § 5956 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.

5956.  Local governmental agencies have experienced a significant decrease in available tax revenues to fund necessary infrastructure improvements. If local governmental agencies are going to maintain the quality of life that this infrastructure provides, they must find new funding sources. One source of new money is private sector investment capital utilized to design, construct, maintain, rebuild, repair, and operate infrastructure facilities. Unless private sector investment capital becomes available to study, plan, design, construct, develop, finance, maintain, rebuild, improve, repair, or operate, or any combination thereof, fee-producing infrastructure facilities, some local governmental agencies will be unable to replace deteriorating infrastructure. Further, some local governmental agencies will be unable to expand and build new infrastructure facilities to serve the increasing population.(Added by Stats. 1996, Ch. 1040, Sec. 1. Effective January 1, 1997.)
CA Govt Code § 5956.1 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.1.

5956.1.  It is the intent of the Legislature that local governmental agencies have the authority and flexibility to utilize private investment capital to study, plan, design, construct, develop, finance, maintain, rebuild, improve, repair, or operate, or any combination thereof, fee-producing infrastructure facilities. Without the ability to utilize private sector investment capital to study, plan, design, construct, develop, finance, maintain, rebuild, improve, repair, or operate, or any combination thereof, fee-producing infrastructure facilities, the Legislature finds that some local governmental agencies will not be able to adequately, competently, or satisfactorily retrofit, reconstruct, repair, or replace existing infrastructure and will not be able to adequately, competently, or satisfactorily design and construct new infrastructure.(Added by Stats. 1996, Ch. 1040, Sec. 1. Effective January 1, 1997.)
CA Govt Code § 5956.2 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.2.

5956.2.  It is the intent of the Legislature that this chapter be construed as creating a new and independent authority for local governmental agencies to utilize private sector investment capital to study, plan, design, construct, develop, finance, maintain, rebuild, improve, repair, or operate, or any combination thereof, fee-producing infrastructure facilities. To that end, this authority is intended to supplement and be independent of any existing authority and does not limit, replace, or detract from existing authority. This chapter may be used by local governmental entities when they deem it appropriate in the exercise of their discretion. It is the intent of the Legislature that this act create no new governmental entities.(Added by Stats. 1996, Ch. 1040, Sec. 1. Effective January 1, 1997.)
CA Govt Code § 5956.3 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.3.

5956.3.  (a) For purposes of this chapter, “governmental agency” includes a city, county, city and county, including a chartered city or county, school district, community college district, public district, county board of education, joint powers authority, transportation commission or authority, or any other public or municipal corporation.(b) For purposes of this chapter, “private entity” includes a person, business entity, combination of persons and business entities, or a combination of business entities.(c) For purposes of this chapter, “fee-producing infrastructure project” or “fee-producing infrastructure facility” means the operation of the infrastructure project or facility will be paid for by the persons or entities benefited by or utilizing the project or facility.(Amended by Stats. 1998, Ch. 876, Sec. 3. Effective January 1, 1999.)
CA Govt Code § 5956.4 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.4.

5956.4.  A governmental agency may solicit proposals and enter into agreements with private entities for the design, construction, or reconstruction by, and may lease to, private entities for the following types of fee-producing infrastructure projects:(a) Irrigation.(b) Drainage.(c) Energy or power production.(d) Water supply, treatment, and distribution.(e) Flood control.(f) Inland waterways.(g) Harbors.(h) Municipal improvements.(i) Commuter and light rail.(j) Highways or bridges.(k) Tunnels.(l) Airports and runways.(m) Purification of water.(n) Sewage treatment, disposal, and water recycling.(o) Refuse disposal.(p) Structures or buildings, except structures or buildings that are to be utilized primarily for sporting or entertainment events.(Added by Stats. 1996, Ch. 1040, Sec. 1. Effective January 1, 1997.)
CA Govt Code § 5956.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.5.

5956.5.  Notwithstanding Chapter 10 (commencing with Section 4525) of Division 5, or Part 2 (commencing with Section 10100) or Part 3 (commencing with Section 20100) of Division 2 of the Public Contract Code, the governmental agency soliciting proposals and entering into agreements with private entities for the studying, planning, design, developing, financing, construction, maintenance, rebuilding, improvement, repair, or operation, or any combination thereof, by private entities for fee-producing infrastructure projects shall ensure that the contractor is selected pursuant to a competitive negotiation process. Projects may be proposed by the private entity and selected by the governmental agency at the discretion of the governmental agency. Projects may be proposed and selected individually or as part of a related or larger project. The competitive negotiation process shall utilize, as the primary selection criteria, the demonstrated competence and qualifications for the studying, planning, design, developing, financing, construction, maintenance, rebuilding, improvement, repair, or operation, or any combination thereof, of the facility. The selection criteria shall also ensure that the facility be operated at fair and reasonable prices to the user of the infrastructure facility services. The competitive negotiation process shall not require competitive bidding. The competitive negotiation process shall specifically prohibit practices that may result in unlawful activity including, but not limited to, rebates, kickbacks, or other unlawful consideration, and shall specifically prohibit governmental agency employees from participating in the selection process when those employees have a relationship with a person or business entity seeking a contract under this section that would subject those employees to the prohibition of Section 87100. Other than these criteria and applicable provisions related to providing security for the construction and completion of the facility, the governmental agency soliciting proposals is not subject to any other provisions of the Public Contract Code or this code that relates to public procurements.(Added by Stats. 1996, Ch. 1040, Sec. 1. Effective January 1, 1997.)
CA Govt Code § 5956.7 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 14 - Infrastructure Financing|Section 5956.7.

5956.7.  (a) The governmental agency may exercise any power possessed by it with respect to the development and construction of infrastructure projects pursuant to this chapter. Agreements for the maintenance and police services entered into pursuant to this chapter shall provide for full reimbursement for services rendered by the governmental agency in accordance with the terms and conditions specified in the agreement. The governmental agency may provide services for which it is reimbursed with respect to preliminary planning, environmental certification, and preliminary design of the infrastructure projects. The governmental agency may consult with legal, financial, and other consultants in the negotiation and development of the agreement. To the extent existing public utility infrastructure is necessarily required to be modified, relocated, or removed in order for an infrastructure project authorized by this chapter to be constructed, the cost of modification, relocation, or removal of the existing infrastructure shall be borne by the private entity and included as a recoverable capital cost of the project. This cost shall not be construed to include costs of increasing the capacity, or upgrading, or improving the existing public utility infrastructure.(b) The private entity’s responsibility to modify, relocate, or remove existing public utility infrastructure shall not alter any agreements that may be in place between the governmental agency and any public utility regarding projects funded by the governmental agency.(c) In the event of a dispute regarding the reimbursement required, a private entity may request an audit of the public utility’s costs by a mutually acceptable certified public accountant. The result of the audit shall determine the actual costs. If the audit indicates that the public utility’s actual costs were less than 95 percent of the cost claimed, the cost of the audit shall be borne by the public utility. If the audit indicates that the public utility’s actual costs were 95 percent or more of the cost claimed, the cost of the audit shall be borne by the private entity.(Added by Stats. 1996, Ch. 1040, Sec. 1. Effective January 1, 1997.)