reglab/housing_qa huggingface dataset:
CA Pub Util Code § 102501 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102501.

102501.  Whenever the board deems it necessary for the district to incur a bonded indebtedness for the acquisition, construction, or repair of any or all improvements, works, property or facilities, authorized by this part or necessary or convenient for the carrying out of the powers of the district, or for any other purpose authorized by this part, it shall, by ordinance, adopted by a two-thirds vote of the board, so declare and call an election to be held in the district for the purpose of submitting to the qualified voters thereof the proposition of incurring indebtedness by the issuance of bonds of the district; provided the total amount of bonds issued and outstanding pursuant to this article shall not exceed 15 percent of the assessed value of the taxable property of the district as shown by the last equalized assessment rolls of the counties of Sacramento, Placer, and Yolo. The ordinance shall state:(a) The purposes for which the proposed debt is to be incurred, which may include all costs and estimated costs incidental to or connected with the accomplishment of those purposes, including, without limitation, engineering, inspection, legal, fiscal agents, financial consultant and other fees, bond and other reserve funds, working capital, bond interest estimated to accrue during the construction period and for a period not to exceed three years thereafter, and expenses of all proceedings for the authorization, issuance, and sale of the bonds.(b) The estimated cost of accomplishing those purposes.(c) The amount of the principal of the indebtedness.(d) The maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 50 years from the date thereof or the date of each series thereof.(e) The maximum rate of interest to be paid, which shall not exceed 7 percent per annum.(f) The proposition to be submitted to the voters, which may include one or more purposes.(g) The date of the election.(h) The manner of holding the election and the procedure for voting for or against the measure.(i) The ordinance may also contain any other matters authorized by this part or any other law.(Amended by Stats. 2006, Ch. 272, Sec. 35. Effective January 1, 2007.)
CA Pub Util Code § 102502 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102502.

102502.  Notice of the holding of such election shall be given by publishing, pursuant to Section 6066 of the Government Code, the ordinance calling the election in at least one newspaper published in such district. No other notice of such election need be given. Except as otherwise provided in the ordinance, the election shall be conducted as other district elections.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102503 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102503.

102503.  If any proposition is defeated by the electors, the board shall not call another election on a substantially similar proposition to be held within six months after the prior election. If a petition requesting submission of such a proposition, signed by 15 percent of the district electors, as shown by the votes cast for all candidates for governor within the district at the last gubernatorial election, is filed with the board, it may call an election before the expiration of six months.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102504 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102504.

102504.  If a majority of the electors voting on the proposition vote for it, then the board may, by resolution, at such time or times as it deems proper, issue bonds of the district for the whole or any part of the amount of the indebtedness so authorized and may from time to time, by resolution, provide for the issuance of such amounts as the necessity thereof may appear, until the full amount of such bonds authorized shall have been issued. The full amount of bonds may be divided into two or more series and different dates and different dates of payment fixed for the bonds of each series. A bond need not mature on an anniversary of its date. The maximum term the bonds of any series shall run before maturity shall not exceed 50 years from the date of each series respectively. In such resolution or resolutions, the board shall prescribe the form of the bonds (including, without limitation, registered bonds and coupon bonds) and the form of any coupons to be attached thereto, the registration, conversion and exchange privileges, if any, pertaining thereto, and fix the time when the whole or any part of the principal shall become due and payable.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102505 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102505.

102505.  The bonds shall bear interest at a rate or rates not exceeding 8 percent per annum, payable semiannually, except that the first interest payable on the bonds or any series thereof may be for any period not exceeding one year as determined by the board. In the resolution or resolutions providing for the issuance of such bonds, the board may also provide for call and redemption of such bonds prior to maturity at such times and prices and upon such other terms as it may specify, provided that no bond shall be subject to call or redemption prior to maturity unless it contains a recital to that effect or unless a statement to that effect is printed thereon. The denomination or denominations of the bonds shall be stated in the resolution providing for their issuance, but shall not be less than one thousand dollars ($1,000). The principal of and interest on such bonds shall be payable in lawful money of the United States at the office of the treasurer of the district or at such other place or places as may be designated, or at either place or places at the option of the holders of the bonds. The bonds, or such series thereof, shall be dated and numbered consecutively and shall be signed by the chairman of the board and the treasurer, countersigned by the secretary and the official seal of the district attached. The interest coupons of such bonds shall be signed by the treasurer. All such signatures, countersignatures and seal may be printed, lithographed or mechanically reproduced, except that one of such signatures or countersignatures on the bonds shall be manually affixed. If any officer whose signature or countersignature appears on bonds or coupons ceases to be such officer before the delivery of the bonds, his signature is as effective as if he had remained in office.(Amended by Stats. 1975, Ch. 130.)
CA Pub Util Code § 102506 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102506.

102506.  The bonds may be sold as the board determines by resolution, but for not less than par. Before selling the bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as it may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the board determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board may reject all bids received, if any, and either readvertise or sell the bonds at private sale.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102507 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102507.

102507.  Delivery of any bonds may be made at any place either inside or outside the state, and the purchase price may be received in cash or bank credits.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102508 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102508.

102508.  All accrued interest and premiums received on the sale of bonds shall be placed in the fund to be used for the payment of principal of and interest on the bonds and the remainder of the proceeds of the bonds shall be placed in the treasury to the credit of the proper improvement fund and applied exclusively to the purposes for which the debt was incurred (which purposes shall be in conformity with an approved general transit plan or element thereof then in effect); provided, however, that when such purposes have been accomplished, any moneys remaining in such improvement fund (a) shall be transferred to the fund to be used for the payment of principal of and interest on the bonds, or (b) shall be placed in a fund to be used for the purchase of outstanding bonds of the district from time to time in the open market at such prices and in such manner, either at public or private sale or otherwise, as the board may determine. Bonds so purchased shall be canceled immediately.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102509 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102509.

102509.  After the expiration of three years after a bond election, the board may determine, by ordinance adopted by a two-thirds vote of the board, that any or all of the bonds authorized at the election remaining unsold shall not be issued or sold. When the ordinance takes effect, the authorization to issue those bonds shall become void.(Amended by Stats. 2006, Ch. 272, Sec. 36. Effective January 1, 2007.)
CA Pub Util Code § 102510 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102510.

102510.  Whenever the board deems that the expenditure of money for the purposes for which the bonds were authorized by the voters is impractical or unwise, it may, by ordinance adopted by a two-thirds vote of the board, so declare and call an election to be held in the district for the purpose of submitting to the qualified voters thereof the proposition of incurring indebtedness by the issuance of those bonds for some other purposes or, in the case where bonds have been sold, the proposition to use the proceeds for some other purposes. The procedure, so far as applicable, shall be the same as when a bond proposition is originally submitted.(Amended by Stats. 2006, Ch. 272, Sec. 37. Effective January 1, 2007.)
CA Pub Util Code § 102511 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102511.

102511.  The board may provide for the issuance, sale, or exchange of refunding bonds to redeem or retire any bonds issued by the district upon the terms, at the times and in the manner which it determines. Refunding bonds may be issued in a principal amount sufficient to pay all, or any part, of the principal of such outstanding bonds, the interest thereon and the premiums, if any, due upon call and redemption thereof prior to maturity, and all expenses of such refunding. The provisions of this article for issuance and sale of bonds apply to the issuance and sale of such refunding bonds; except that (a) no election need be called or held for the purpose of authorizing the issuance of refunding bonds, and (b) when refunding bonds are to be exchanged for outstanding bonds the method of exchange shall be as determined by the board.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102512 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102512.

102512.  The provisions of Article 4 (commencing with Section 53500), Chapter 3, Part 1, Division 2, Title 5 of the Government Code are applicable to the district.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102513 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 1 - Authorization and Issuance of General Obligation Bonds|Section 102513.

102513.  Any bonds which shall be issued under the provisions of this article shall be legal investment for all trust funds; for the funds of insurance companies, banks—both commercial and savings—and trust companies; and for state school funds; and whenever any money or funds may, by any law now or hereafter enacted, be invested in bonds of cities, cities and counties, counties, school districts, or other districts within the State of California, such money or funds may be invested in the bonds issued under this part, and whenever bonds of cities, cities and counties, counties, school districts, or other districts within this state may, by any law now or hereafter enacted, be used as security for the performance of any act or the deposit of any public moneys, the said bonds issued under this part may be so used. The provisions of this article shall be in addition to all other laws relating to legal investments and shall be controlling as the latest expression of the Legislature with respect thereto.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102530 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 2 - Revenue Bonds|Section 102530.

102530.  The district may issue bonds, payable in whole or in part from revenue of any facility or enterprise acquired or constructed or to be acquired or constructed by the district, in the manner provided by the Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code, all of the provisions of which are applicable to the district, except that Article 3 (commencing with Section 54380) of Chapter 6 of Part 1 of Division 2 of Title 5 of the Government Code and the restrictions therein provided against the securing of bonds by the taxing power or the proceeds of taxation do not apply to the issuance and sale of bonds pursuant to this article and instead, the district shall authorize the issuance of those bonds by resolution of its governing board approved by a two-thirds vote of the board.(Amended by Stats. 2011, Ch. 537, Sec. 1. (AB 1143) Effective January 1, 2012.)
CA Pub Util Code § 102531 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 2 - Revenue Bonds|Section 102531.

102531.  The district is a local agency within the meaning of the Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code. The term “enterprise” as used in the Revenue Bond Law of 1941 shall, for all purposes of this part, include the system or any or all transit facilities, and all additions, extensions, and improvements thereto, and all other facilities authorized to be acquired, constructed, or completed by the district. Any revenues or other income, receipts, or amounts made available to the district, including, but not limited to, the proceeds of a transactions and use tax imposed under Article 8 (commencing with Section 102350) of Chapter 5 of Division 10 or under any other provision of law, are deemed to be revenues of the enterprise for all purposes of the Revenue Bond Law of 1941. The district may issue revenue bonds under the Revenue Bond Law of 1941, for any one or more transit facilities authorized to be acquired, constructed, or completed by the district or, in the alternative, may issue revenue bonds under the Revenue Bond Law of 1941, for the acquisition, construction, and completion of any one of those transit facilities. Nothing in this article shall prevent the district from availing itself of, or making use of, any procedure provided in this part for the issuance of bonds of any type or character for any of the transit facilities authorized hereunder, and all proceedings may be carried on simultaneously or, in the alternative, as the board may determine.(Amended by Stats. 2011, Ch. 537, Sec. 2. (AB 1143) Effective January 1, 2012.)
CA Pub Util Code § 102550 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 3 - Equipment Trust Certificates|Section 102550.

102550.  The district shall have power to purchase transit equipment such as cars, trolley buses and motorbuses, or rolling equipment, and may execute agreements, leases, and equipment trust certificates in the forms customarily used by private corporations engaged in the transit business appropriate to effect such purchase and leasing of transit equipment, and may dispose of such equipment trust certificates upon such terms and conditions as the board may deem appropriate. Payment for such equipment, or rentals therefor, may be made in installments, and the deferred installments may be evidenced by equipment trust certificates payable from any source or sources of funds specified in such certificates that are or will be legally available to the district; and title to such equipment shall not rest in the district until the equipment trust certificates are paid.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102551 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 3 - Equipment Trust Certificates|Section 102551.

102551.  The agreement to purchase or lease may direct the vendor or lessor to sell and assign or lease the rolling equipment to a bank or trust company duly authorized to transact business in the State of California as trustee, for the benefit and security of the equipment trust certificates and may direct such trustee to deliver the rolling equipment to one or more designated officers of the district and may authorize the district to simultaneously therewith execute and deliver an installment purchase agreement or a lease of the equipment to the district.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102552 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 3 - Equipment Trust Certificates|Section 102552.

102552.  The agreements and leases shall be duly acknowledged before a person authorized by law to take acknowledgments of deeds and in the form required for acknowledgment of deeds, and such agreements, leases, and equipment trust certificates shall be authorized by resolution of the district and shall contain such covenants, conditions, and provisions which may be deemed necessary or appropriate to insure the payment of the equipment trust certificates from legally available sources or sources of funds specified in such certificates.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102553 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 3 - Equipment Trust Certificates|Section 102553.

102553.  The covenants, conditions, and provisions of the agreements, leases, and equipment trust certificates shall not conflict with any of the provisions of any trust agreement securing the payment of bonds, notes, or certificates of the district.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102554 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 3 - Equipment Trust Certificates|Section 102554.

102554.  An executed copy of each such agreement and lease shall be filed in the office of the Secretary of State, who will be entitled to receive one dollar ($1) for each such copy filed with him and which filing shall constitute notice to any subsequent judgment creditor or any subsequent purchaser. Each vehicle so purchased or leased shall have the name of the owner or lessor plainly marked on both sides thereof followed by the appropriate words “Owner and Lessor” or “Owner and Vendor,” as the case may be.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102570 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 4 - Improvement Acts and Special Benefit Districts|Section 102570.

102570.  The Improvement Act of 1911, the Municipal Improvement Act of 1913, and the Improvement Bond Act of 1915 are applicable to the district.(Added by Stats. 1971, Ch. 1374.)
CA Pub Util Code § 102571 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 4 - Improvement Acts and Special Benefit Districts|Section 102571.

102571.  Chapter 1 (commencing with Section 99000) of Part 11 applies to the district.(Amended by Stats. 1983, Ch. 142, Sec. 141.)
CA Pub Util Code § 102581 (2021)
2021 California Code|Public Utilities Code - PUC|DIVISION 10 - TRANSIT DISTRICTS|PART 14 - SACRAMENTO REGIONAL TRANSIT DISTRICT|CHAPTER 7 - Bonds and Other Evidences of Indebtedness|ARTICLE 5 - Temporary Borrowing|Section 102581.

102581.  At any time prior to the first receipt by the district of revenues from taxation or other sources, any city or county may lend any available money to the district for the purposes of organization and operation. Such expenditures shall constitute a proper expenditure of city and county funds.(Added by Stats. 1971, Ch. 1374.)