reglab/housing_qa huggingface dataset:
CA Govt Code § 5804 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10 - Sale of Local Securities|Section 5804.

5804.  As used in this chapter, “public body” means any county, city and county, city, municipal corporation, political subdivision, public district, public corporation or public authority, or any agency of any thereof, but does not include the federal government or any federal department or agency, this state, an adjoining state or any state department or agency.(Added by Stats. 1972, Ch. 292.)
CA Govt Code § 5805 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10 - Sale of Local Securities|Section 5805.

5805.  As used in this chapter, “securities” means any bonds, notes, warrants or other evidences of indebtedness and the interest coupons, if any, attached thereto, issued or proposed to be issued in an aggregate principal amount of five hundred thousand dollars ($500,000) or more by any issuer to finance a public project.(Added by Stats. 1972, Ch. 292.)
CA Govt Code § 5806 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10 - Sale of Local Securities|Section 5806.

5806.  As used in this chapter, “public project” means any land, structure, facility or equipment or other personal property, the acquisition, construction or completion of which is to be financed by securities of an issuer if any of the payments of principal of and interest on such securities is to be paid by such issuer from funds derived from rental or other payments which any one or more public bodies has agreed to pay to such issuer under a public leaseback.(Added by Stats. 1972, Ch. 292.)
CA Govt Code § 5807 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10 - Sale of Local Securities|Section 5807.

5807.  As used in this chapter, “public leaseback” means any lease by a public body of all or any part of a public project where the lease is between such public body as lessee and an issuer as lessor and the lease is executed before the public project is acquired, constructed or completed.(Added by Stats. 1972, Ch. 292.)
CA Govt Code § 5808 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10 - Sale of Local Securities|Section 5808.

5808.  (a) Before selling any securities, any issuer shall advertise such securities for sale at public sale and shall invite sealed bids therefor by publication of a notice once at least 10 days before the date of such public sale in a newspaper of general circulation circulated within the boundaries of each public body to be aided by the public project to be financed by the issuance of such securities. If one or more satisfactory bids are received pursuant to such notice, such securities shall be awarded to the highest responsible bidder. If no bids are received or if the issuer determines that the bids received are not satisfactory as to price or responsibility of the bidders, the issuer may reject all bids received, if any, and either readvertise or sell such securities at private sale.(b) Any issuer may privately negotiate the acquisition of a private water company or the capital stock of such a company with the owner or owners thereof and issue its securities directly to such owner or owners without complying with any of the provisions of subdivision (a), provided that such acquisition is made pursuant to a written agreement entered into prior to January 1, 1978.(c) Any issuer utilizing the provisions of subdivision (b) may issue its securities to the holders of outstanding securities issued by the same issuer in connection with the exercise of a conversion privilege embodied in any such outstanding security.(Amended by Stats. 1977, Ch. 1220.)
CA Govt Code § 5809 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10 - Sale of Local Securities|Section 5809.

5809.  All securities as defined in Section 5805, and all bonds, notes, warrants or other evidences of indebtedness of an issuer in an aggregate principal amount less than five hundred thousand dollars ($500,000), that are issued to finance a public project either by public leaseback or by any lease between a public body as lessee and an issuer as lessor executed after the public project is acquired, constructed or completed and the interest thereon or income therefrom are exempt from all taxation in the state other than gift, inheritance and estate taxes. This section is declaratory of existing law as to the securities, bonds, notes, warrants or other evidences of indebtedness of any issuer that is a joint powers authority or parking authority.(Added by Stats. 1974, Ch. 1162.)
CA Govt Code § 5850 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.5 - General Bond Provisions|Section 5850.

5850.  As used in this chapter:(a) “Bonds” means any bonds, notes, certificates of indebtedness or other evidences of indebtedness issued after January 1, 1989, by a public body which is authorized to issue bonds, notes, certificates of indebtedness or other evidence of indebtedness.(b) “Public body” means the county, city, city and county, public district, public authority, public corporation, nonprofit corporation or other statutorily constituted public entity which is authorized to issue bonds.(c) “Governing body” means the governing board, commission, city council, board of supervisors, board of directors or similar multimember body which exercises authority over a public body.(Added by Stats. 1988, Ch. 1055, Sec. 3.)
CA Govt Code § 5851 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.5 - General Bond Provisions|Section 5851.

5851.  Notwithstanding any other provision of law specifying that interest on bonds is payable semiannually, interest on bonds is payable at the times established in the resolution, indenture, agreement or other instrument providing for the issuance of the bonds.(Added by Stats. 1988, Ch. 1055, Sec. 3.)
CA Govt Code § 5852 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.5 - General Bond Provisions|Section 5852.

5852.  Notwithstanding any other provision of law specifying that bonds shall be issued pursuant to a resolution of a governing body of a public body, a governing body of a public body may authorize the issuance of bonds pursuant to a resolution, indenture, agreement or other instrument providing for the issuance of bonds.(Added by Stats. 1988, Ch. 1055, Sec. 3.)
CA Govt Code § 5852.1 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.5 - General Bond Provisions|Section 5852.1.

5852.1.  (a) (1) Prior to authorization of the issuance of bonds with a term greater than 13 months pursuant to this chapter, the governing body of a public body shall obtain and disclose all of the following information in a meeting open to the public:(A) The true interest cost of the bonds, which means the rate necessary to discount the amounts payable on the respective principal and interest payment dates to the purchase price received for the new issue of bonds.(B) The finance charge of the bonds, which means the sum of all fees and charges paid to third parties.(C) The amount of proceeds received by the public body for sale of the bonds less the finance charge of the bonds described in subparagraph (B) and any reserves or capitalized interest paid or funded with proceeds of the bonds.(D) The total payment amount, which means the sum total of all payments the borrower will make to pay debt service on the bonds plus the finance charge of the bonds described in subparagraph (B) not paid with the proceeds of the bonds. The total payment amount shall be calculated to the final maturity of the bonds.(2) The information in paragraph (1) shall be obtained as follows:(A) As a good faith estimate from an underwriter, financial adviser, or private lender.(B) From a third-party borrower pursuant to subdivision (b).(b) (1) If the public body issuing bonds is a conduit financing provider, as defined in subdivision (b) of Section 5870, issuing bonds on behalf of a third-party borrower, the information in paragraph (1) of subdivision (a) shall be presented to the third-party borrower as a good faith estimate by an underwriter, financial adviser, or private lender engaged by the third-party borrower.(2) If the third-party borrower has a governing board, the information shall be presented to the governing board or the official or officials or committee designated by the governing board to obligate the third-party borrower in connection with the financing. If the third-party borrower does not have a governing board, the information shall be presented to the official or officials of the third-party borrower who has the authority to obligate the third-party borrower in connection with the financing.(3) The third-party borrower shall provide the information received pursuant to this subdivision to the public body prior to the disclosure of the information as required pursuant to subdivision (a).(c) The requirements of this section shall not apply to any public body that is a state entity. For purposes of this subdivision, “state entity” means any agency, department, bureau, board, or commission of any kind.(d) This section, including the failure to comply with the requirements of this section, shall not affect the validity of the bonds or the authorization of the bonds by the public body.(Added by Stats. 2017, Ch. 625, Sec. 1. (SB 450) Effective January 1, 2018.)
CA Govt Code § 5853 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.5 - General Bond Provisions|Section 5853.

5853.  The general authority provided in this chapter is intended to be in addition to, and not limited by, specific provisions authorizing the issuance of bonds, notes or other evidences of indebtedness and is separate and complete authority for the actions authorized in this chapter.(Added by Stats. 1988, Ch. 1055, Sec. 3.)
CA Govt Code § 5854 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.5 - General Bond Provisions|Section 5854.

5854.  Section 3 of Article XIII C of the California Constitution, as adopted at the November 5, 1996, general election, shall not be construed to mean that any owner or beneficial owner of a municipal security, purchased before or after that date, assumes the risk of, or in any way consents to, any action by initiative measure that constitutes an impairment of contractual rights protected by Section 10 of Article I of the United States Constitution.(Added by Stats. 1997, Ch. 38, Sec. 3. Effective July 1, 1997.)
CA Govt Code § 5870 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.7 - Conduit Financing Transparency and Accountability|Section 5870.

5870.  As used in this chapter, the following definitions apply:(a) “Conduit financing” means the issuance of conduit revenue bonds.(b) “Conduit financing provider” means any county, city, city and county, public district, public authority, public corporation, nonprofit corporation, joint powers authority, or other statutorily constituted public entity that issues one or more conduit revenue bonds.(c) “Conduit revenue bond” means any municipal security the proceeds of which are loaned to any nongovernmental borrower, including, but not limited to, persons, for-profit corporations, nonprofit corporations pursuant to Section 501(c)(3) of the Internal Revenue Code, partnerships, and other legal entities for purposes that are permitted for qualified private activity bonds under applicable federal law.(Added by Stats. 2009, Ch. 557, Sec. 1. (SB 99) Effective January 1, 2010.)
CA Govt Code § 5871 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.7 - Conduit Financing Transparency and Accountability|Section 5871.

5871.  A conduit financing provider shall make the following information available on its Internet Web site, to the extent that it maintains an Internet Web site:(a) Agendas for regular meetings posted by a conduit financing provider pursuant to Section 54954.2.(b) Notices of special meetings posted by a conduit financing provider pursuant to Section 54956.(c) Notices of meetings of a conduit financing provider provided pursuant to Section 11125.(d) Staff reports on the items included on the agendas listed in subdivisions (a), (b), and (c).(e) Minutes of the meetings for which the agendas listed in subdivisions (a), (b), and (c) were produced.(f) Audits of the conduit financing provider’s accounts and records.(g) Copies of reports of the conduit financing provider’s annual financial transactions required pursuant to Section 12460 or 12463.(h) Annual lists of applications approved for financing by the governing body of the conduit financing provider for any fiscal year in which at least one application is approved.(Added by Stats. 2009, Ch. 557, Sec. 1. (SB 99) Effective January 1, 2010.)
CA Govt Code § 5872 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.7 - Conduit Financing Transparency and Accountability|Section 5872.

5872.  (a) When an audit of a conduit financing provider’s accounts and records is required by law, in addition to any other requirements, the audit shall include all of the following:(1) A disclosure of fees imposed on borrowers by, or on behalf of, the conduit financing provider.(2) A disclosure of expenditures related to those fees made by or on behalf of the conduit financing provider.(3) The dollar amount and nature of these fees and expenses.(4) A disclosure of the amount of bonds authorized but unsold at the end of the time period covered by the audit.(5) A disclosure of the amount of debt the conduit financing provider has issued during the period covered by the audit and the amount of debt still outstanding at the end of the time period covered by the audit.(b) An audit of a conduit financing provider’s accounts and records shall be made publicly available pursuant to the California Public Records Act (Article 1 (commencing with Section 6250) of Chapter 3.5 of Division 7).(c) Notwithstanding any other reporting periods permitted pursuant to subdivision (f) of Section 6505, Section 26909, or any other provision of law, a conduit financing provider shall annually conduct an audit of its accounts and records and report the results of that audit to the Controller. The minimum requirements of the annual audit and report shall be prescribed by the Controller and conform to generally accepted auditing standards.(Added by Stats. 2009, Ch. 557, Sec. 1. (SB 99) Effective January 1, 2010. Superseded on January 1, 2023; see amendment by Stats. 2021, Ch. 615.)
CA Govt Code § 5872 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 10.7 - Conduit Financing Transparency and Accountability|Section 5872.

5872.  (a) When an audit of a conduit financing provider’s accounts and records is required by law, in addition to any other requirements, the audit shall include all of the following:(1) A disclosure of fees imposed on borrowers by, or on behalf of, the conduit financing provider.(2) A disclosure of expenditures related to those fees made by or on behalf of the conduit financing provider.(3) The dollar amount and nature of these fees and expenses.(4) A disclosure of the amount of bonds authorized but unsold at the end of the time period covered by the audit.(5) A disclosure of the amount of debt the conduit financing provider has issued during the period covered by the audit and the amount of debt still outstanding at the end of the time period covered by the audit.(b) An audit of a conduit financing provider’s accounts and records shall be made publicly available pursuant to the California Public Records Act (Division 10 (commencing with Section 7920.000)).(c) Notwithstanding any other reporting periods permitted pursuant to subdivision (f) of Section 6505, Section 26909, or any other provision of law, a conduit financing provider shall annually conduct an audit of its accounts and records and report the results of that audit to the Controller. The minimum requirements of the annual audit and report shall be prescribed by the Controller and conform to generally accepted auditing standards.(Amended by Stats. 2021, Ch. 615, Sec. 139. (AB 474) Effective January 1, 2022. Operative January 1, 2023, pursuant to Section 463 of Stats. 2021, Ch. 615.)
CA Govt Code § 5900 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5900.

5900.  The Legislature finds and declares all of the following:(a) The ability of the state and local governments to issue bonds is essential to their ability to finance public improvements and other projects and programs which serve important public purposes and have major social and economic consequences to the people of California.(b) The exemption of interest on these bonds from federal income taxation has been a major feature of this financing, reducing interest costs to the state and local government issuers and enhancing the marketability of the bonds.(c) Proposed federal tax legislation would substantially curtail the purposes for, and conditions under which, bonds may be issued with interest exempt from federal income taxation, with the result that in order to provide financing for those purposes or under those conditions state and local governments will in some instances be required, or elect, to issue bonds which bear interest not exempt from federal income taxation. These bonds often have different terms and structural features and are sold and traded in a different market than bonds the interest on which is exempt from federal income taxation.(d) The state and local governments have the power to issue bonds bearing interest subject to federal income taxation, but the state and local governments may lack clear authority to structure this financing for the applicable market or otherwise to achieve the lowest effective borrowing cost or terms most suitable to the state or local government issuer, the project, or the financing program.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)
CA Govt Code § 5901 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5901.

5901.  It is the intent of the Legislature that state and local governments be provided with the powers and flexibility necessary and appropriate for them to access the market for bonds which bear interest subject to federal income taxation.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)
CA Govt Code § 5902 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5902.

5902.  As used in this chapter, the following words and terms shall have the following meanings, unless the context otherwise indicates or requires another or different meaning or intent:(a) “Bonds” means bonds, notes, warrants, bond anticipation notes, commercial paper, or other evidences of indebtedness, or lease, installment purchase, or other agreements or certificates of participation therein.(b) “Legislative body” means the governing body or board of the state or local government.(c) “State or local government” means the state, any department, agency, board, commission, or authority of the state, or any city, city and county, county, public district, public corporation, authority, agency, board, commission, or other public entity.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)
CA Govt Code § 5903.5 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5903.5.

5903.5.  Section 5903 shall apply to any bonds the interest on which will not be subject to federal income taxation under the law in existence on the date of issuance or pending on the date of issuance with an effective date preceding the date of issuance, notwithstanding any other provision of law, if the bonds are issued by the same state or local government for the same project or purpose and within 45 days of the date of issuance of bonds described in Section 5903.(Added by Stats. 1987, Ch. 845, Sec. 2. Effective September 21, 1987.)
CA Govt Code § 5904 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5904.

5904.  The state or a local government may take any actions, and enter into any agreements, necessary or appropriate to register or qualify the bonds described in Section 5903 for offer and sale under the federal or any state’s or nation’s securities laws and to comply with those laws.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)
CA Govt Code § 5905 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5905.

5905.  One or more state or local governments may cause to be formed, and may acquire all, but not less than all, of the voting stock in, one or more corporations, not chartered by a state or federal agency as a depository institution, but organized for the purpose of undertaking financing programs approved by each legislative body and found by each legislative body to be of benefit to the state or local government.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)
CA Govt Code § 5906 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5906.

5906.  Any bonds issued by a state or local government pursuant to this chapter, or otherwise, and the purchasers or holders thereof, shall be exempt from the usury provisions of Section 1 of Article XV of the California Constitution. Any loan, lease, installment sale, investment, forbearance of money, or other agreement between a user of the proceeds of or other moneys pledged to bonds and the issuer of the bonds, or entered into by or on behalf of the issuer of the bonds that provides for the use of the proceeds of the bonds or other moneys pledged to or securing the bonds, and the issuer of the bonds or any person acting on its behalf in connection with the foregoing shall be exempt from the usury provisions of Section 1 of Article XV of the California Constitution. This section creates and authorizes exempted classes of transactions and persons pursuant to Section 1 of Article XV of the California Constitution.(Amended by Stats. 2006, Ch. 538, Sec. 231. Effective January 1, 2007.)
CA Govt Code § 5907 (2021)
2021 California Code|Government Code - GOV|TITLE 1 - GENERAL|DIVISION 6 - PUBLIC BONDS AND OBLIGATIONS|CHAPTER 11 - Public Financing|Section 5907.

5907.  This chapter shall not affect bonds approved by the voters of the state or local government issuer prior to the effective date of this chapter, to the extent that this chapter is inconsistent with the measure authorizing those bonds.(Added by Stats. 1986, Ch. 1389, Sec. 1. Effective September 30, 1986.)