reglab/statecodes huggingface dataset:
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26330.

26330. An indenture may include a clause providing the events of default and the terms and conditions upon which any or all of the bonds then or thereafter issued may become or be declared due and payable prior to maturity, and the terms and conditions upon which such declaration and its consequences may be waived.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26331.

26331. An indenture may include a clause designating the rights, limitations, powers and duties arising upon breach by the board of any of the covenants, conditions, or obligations contained in any indenture.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26332.

26332. An indenture may include a clause prescribing a procedure by which the terms and conditions of the indenture may be subsequently amended or modified with the consent of the board and the vote or written assent of the holders of a specified principal amount of the bonds issued and outstanding. Such clause may provide for meetings of bondholders and for the manner in which the consent of the bondholders may be given. The clause shall specifically state the effect of such amendment or modification upon the rights of the holders of all of the bonds and interest coupons appertaining thereto, whether attached thereto or detached therefrom.
With respect to any clause providing for the modification or amendment of an indenture, the board may agree that bonds held by the board, by any department, political subdivision or agency of the State of California, or by any public corporation, municipality, district or political subdivision shall not be counted as outstanding bonds, or be entitled to vote or assent but shall nevertheless, be subject to any such modification or amendment.
Pursuant to such a clause any amendment or modification may be made which is valid under the provisions of Section 26362 as it exists at the time such amendment or modification is made even though it might not have been valid under the provisions of that section as it existed at the time the bonds were issued.
(Amended by Stats. 1963, Ch. 1928.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26333.

26333. The indenture may include a clause providing for such other acts and matters as may be necessary or convenient or desirable in order to secure the bonds or to make the bonds more marketable.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26334.

26334. The board may designate a bank or trust company, qualified to do business in this State, as a trustee for the holders of bonds issued hereunder, and may authorize the trustee to act on behalf of the holders of the bonds, or any stated percentage thereof, and to exercise and prosecute on behalf of the holders of the bonds such rights and remedies as may be available to the holders.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26335.

26335. The board shall fix and determine the conditions upon which any trustee shall receive, hold or disburse any or all revenues collected for or on account of the bondholders. The board shall prescribe the duties and powers of such trustee with respect to the payment of principal and interest on the bonds, the redemption of the bonds, the registration and discharge from registration of the bonds, and the management of any sinking fund or other funds provided as security for the bonds.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26336.

26336. The board may issue bonds in series or may divide any issue into one or more divisions and fix different maturities or dates of such bonds, different rates of interest, or prescribe different terms and conditions for the bonds of the several series or divisions. It is not necessary that all bonds of the same authorized issue be of the same kind or character, have the same security, or be of the same interest rate, but the terms thereof shall in each case be provided for by the board, at or prior to the issue thereof. The board may provide for successive issues or may provide for one maximum issue.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26337.

26337. Bonds may be issued as coupon bonds or as registered bonds. The board may provide for the interchange of coupon bonds for registered bonds and registered bonds for coupon bonds, and may provide that the bonds shall be registered as to principal only, or as to both principal and interest, or otherwise as the board may determine.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26338.

26338. Bonds shall bear interest at a rate of not to exceed 8 percent per annum, payable annually or semiannually or in part annually and in part semiannually. Prior to the issuance of bonds the board may fix limitations or restrictions on the payment of interest.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26339.

26339. Bonds may be callable upon such terms, conditions, and upon such notice as the board may determine, and upon the payment of the premium fixed by the board in the proceedings for the issuance of the bonds. No bond is subject to call or redemption prior to its fixed maturity date unless the right to exercise such call is expressly stated on the face of the bond.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26340.

26340. The board may provide for the payment of the principal and interest of bonds at any place within or without the State of California, and in specified coin or currency of the United States.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26341.

26341. The board may provide for the execution and authentication of bonds by the manual, lithographed or printed facsimile signature of officers of the board. If any of the officers whose signatures or countersignatures appear upon the bonds or coupons cease to be officers before the delivery of the bonds or coupons, their signatures or countersignatures are nevertheless valid and of the same force and effect as if the officers had remained in office until the delivery of the bonds and coupons.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26342.

26342. Bonds shall bear dates prescribed by the board. Bonds may be serial bonds or sinking fund bonds with such maturities as the board may determine. No bond by its terms shall mature in more than 50 years from its own date and in the event any authorized issue is divided into two or more series or divisions, the maximum maturity date herein authorized shall be calculated from the date on the face of each bond separately, irrespective of the fact that different dates may be prescribed for the bonds of each separate series or division of any authorized issue.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26343.

26343. The board may fix terms and conditions for the sale or other disposition of any authorized issue of bonds. The board may sell bonds at less than their par or face value but no bond may be sold at a price below the par or face value thereof which would result in a sale price yielding to the purchaser an average of more than 8 percent per annum, payable semiannually, according to standard tables of bond values.
(Amended by Stats. 1975, Ch. 130.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26344.

26344. The board may provide for the security of bonds.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26345.

26345. Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction or completion of which the bonds have been issued, and for a period of not to exceed two (2) years thereafter as provided for in the indenture.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26346.

26346. The board may provide in the proceedings for the issuance of bonds that the bonds and the interest thereon constitute such lien upon the revenues of any project acquired, constructed or completed from the proceeds thereof as may be provided for in the indenture.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26347.

26347. Pending the actual issuance or delivery of revenue bonds, the board may issue temporary or interim bonds, certificates or receipts of any denominations whatsoever, and with or without coupons, to be exchanged for definitive bonds when ready for delivery.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26348.

26348. All bonds, and the interest or income therefrom, are exempt from all taxation in this State other than gift, inheritance and estate taxes.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26349.

26349. The bonds issued under this chapter, except for those revenue bonds issued pursuant to Article 9 (commencing with Section 26400.50), shall be subject to investigation and certification by the Treasurer under the Districts Securities Law (Chapter 1 (commencing with Section 20000) of Division 10 of the Water Code). If the Treasurer determines that the bonds are adequately secured and the revenues of the authority applicable to the payment thereof are or will be sufficient to pay the principal and interest of the bonds, and if the Treasurer certifies to that effect, the bonds shall be eligible as legal investments for both public and private funds in the same manner as provided in the Districts Securities Law (Chapter 1 (commencing with Section 20000) of Division 10 of the Water Code).
(Amended by Stats. 1989, Ch. 196, Sec. 1. Effective July 25, 1989.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26350.

26350. The board may provide for the issuance, sale, or exchange of refunding bonds for the purpose of redeeming or retiring any revenue bonds issued by the board. All provisions of this chapter applicable to the issuance of revenue bonds are applicable to the funding or refunding bonds and to the issuance sale or exchange thereof.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26351.

26351. Funding or refunding bonds may be issued in a principal amount sufficient to provide funds for the payment of all bonds to be funded or refunded thereby, and in addition for the payment of all expenses incident to the calling, retiring or paying of such outstanding bonds, and the issuance of such funding or refunding bonds. These expenses include the difference in amount between the par value of the funding or refunding bonds and any amount less than par for which the funding or refunding bonds are sold, any amount necessary to be made available for the payment of interest upon such funding or refunding bonds from the date of sale thereof to the date of payment of the bonds to be funded or refunded or to the date upon which the bonds to be funded or refunded will be paid pursuant to the call thereof or agreement with the holders thereof, and the premium, if any, necessary to be paid in order to call or retire the outstanding bonds and the interest accruing thereon to the date of the call or retirement.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26352.

26352. All bonds issued under the provisions of this chapter are negotiable instruments, except when registered in the name of a registered owner.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 2 - Revenue Bonds › Section 26353.

26353. An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure.
(Amended by Stats. 1961, Ch. 1546.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 3 - Rental Rates, Charges and Fees › Section 26360.

26360. The board shall fix the rental rates, fees and all other charges to be made for all facilities furnished, acquired, constructed or completed under this chapter for the use thereof by any persons utilizing such facilities. Subject to such contractual obligations as may be entered into by the board and the holders of the revenue bonds issued under this chapter, the board is authorized to change such rental rates, charges and fees from time to time as conditions warrant. All rental rates, fees and charges shall be at all times fixed to yield annual revenue equal to annual operating and maintenance expenses including insurance costs and all redemption payments and interest charges on the revenue bonds at any time issued and outstanding in connection with the project of which such facilities are a part as the same become due. The bond redemption and interest payments shall constitute a first, direct and exclusive charge and lien on all such rentals, fees and charges and other revenues and interest thereon and sinking funds created therefrom received from the use and operation of the project for the acquisition, construction or completion of which such revenue bonds were issued, and all such rentals, fees and charges and other revenues, together with the interest thereon shall constitute a trust fund for the security and payment of such bonds and shall not be used or pledged for any other purpose so long as such bonds, or any of them, are outstanding and unpaid. The board may provide that the rental rates, fees and charges established are minimum rental rates, fees and charges and subject to increase or decrease in accordance only with the terms of the indenture under which the revenue bonds were issued.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 3 - Rental Rates, Charges and Fees › Section 26361.

26361. The board may lease all or any portion or portions of the project, or of any of the lands, improvements, concessions, facilities or other property comprising a part of the project. In the event that the project consists of any of the public improvements authorized by subdivisions b and c of Section 26301 of the Government Code, the term of any lease shall not exceed 60 years and for projects consisting of other public improvements authorized by said Section 26301 the term of any lease shall not exceed 10 years. Such leases shall be made only after advertising for and accepting bids in the manner provided for the leasing of real property belonging to the county by Article 8 (commencing with Section 25520), Chapter 5, Part 2, Division 2, Title 3, of the Government Code.
(Amended by Stats. 1959, Ch. 1544.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 3 - Rental Rates, Charges and Fees › Section 26362.

26362. Every contract entered into by the board for the use of any project or part thereof, acquired, constructed or completed from the proceeds of the sale of revenue bonds shall incorporate by reference the provisions of any indenture pursuant to which the bonds were issued. Every such contract or lease shall also refer to the provisions of such indenture with respect to the obligation of the board to fix rental fees and charges to meet the payments provided for in such indenture and in the proceedings for the issuance of revenue bonds and all payments required to be made to the board under such contract or lease shall be subject to increase if and when the board is required by such indenture to increase rates or charges to meet its obligations under such indenture providing for the issuance of bonds.
(Amended by Stats. 1963, Ch. 1928.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 4 - Competitive Projects › Section 26365.

26365. The board may include, in an indenture for the issuance of revenue bonds, a clause that no competitive projects will be acquired or constructed by the board as long as any of the bonds issued under any such indenture are outstanding. Such limitation shall be valid and binding upon the board.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 4 - Competitive Projects › Section 26366.

26366. The board may also include in an indenture for the issuance of bonds a clause that no project acquired, constructed or completed from the proceeds of revenue bonds shall be used without charge therefor or be furnished free of charge to any person, including the State of California or any political subdivision thereof, or any public corporation or individual, other than employees of the board or of another public body actually engaged in rendering service to the board in connection with the project.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 5 - Rights of Bondholders › Section 26370.

26370. The holder of any bond issued pursuant to this chapter may by mandamus or other appropriate proceeding, require and compel the performance of any of the duties imposed upon the board or its officers, agents or employees in connection with the acquisition, construction, operation, maintenance, repair, reconstruction or insurance of any project or the collection, deposit, investment, application and disbursement of rates, charges, fees and all other revenues derived from the operation and use of any project, or in connection with the deposit, investment and disbursement of the proceeds received from the sale of bonds. The enumeration of such rights and remedies does not, however, exclude the exercise or prosecution of any other rights or remedies available to the holders of bonds issued pursuant to this chapter.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 5 - Rights of Bondholders › Section 26371.

26371. While any revenue bonds issued by the board remain outstanding, the powers and duties of the board shall not be diminished or impaired in any manner that will adversely affect the interest and rights of the holders of the bonds.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 6 - Contributions and Cooperation › Section 26386.

26386. The board may accept contributions or appropriations from the United States of America, the State of California, or any department or agency of either thereof, or from any city, city and county, political subdivision, agency, district or other public corporation of this State.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 6 - Contributions and Cooperation › Section 26387.

26387. The board may enter into any contract, arrangement or agreement with the United States, the State or any other municipal corporation or public agency and may cooperate with the United States, the State or any other municipal corporation or public agency for the development, maintenance, operation or use of any project authorized by this chapter.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 6 - Contributions and Cooperation › Section 26388.

26388. The board may cooperate and contract with the United States under the War Mobilization and Reconversion Act of 1944, approved October 3, 1944, and any acts amendatory or supplemental thereto or any other act of Congress heretofore or hereafter enacted, authorizing or permitting such cooperation.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 6 - Contributions and Cooperation › Section 26389.

26389. The board may authorize or direct any county officer, employee or department to perform services for or in connection with the development, construction, maintenance or operation of any project and the cost of such services shall be a charge against the appropriate project fund.
The board shall not authorize, direct, or permit any county officer, employee or department to render any services for or in connection with any project or to incur any cost or expense for or in connection with or in aid of any project until funds are available either from the proceeds of the sale of bonds authorized for the project or from the revenues thereof for the payment of such cost or expense and all costs and expenses incurred by the county or by any officer, employees or department thereof for or in connection with or in aid of any project constitute a charge against the appropriate project and shall be paid from the appropriate fund of such project in the same manner as other costs and expenses incurred in connection with such project are paid.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 6 - Contributions and Cooperation › Section 26390.

26390. The board may provide for the construction, maintenance and operation of any project upon any lands owned by the county without regard to the manner in which such lands were acquired, and if such lands were acquired other than through the issuance of revenue bonds authorized for the particular project, the board shall fix a reasonable rental for the use of such lands, which rental shall be a charge against the appropriate funds of the project and shall be payable into the general or other appropriate fund of the county.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 7 - Funds › Section 26393.

26393. The proceeds from the sale of all bonds authorized under the provisions of this chapter shall be paid into the county treasury to the credit of a bond fund or enterprise fund, one of which the treasurer is hereby directed to establish for the particular project for which the bonds were authorized. These moneys shall be disbursed on the order of the board in the same manner that other moneys are disbursed from the county treasury solely for the construction of the particular project for which the bonds were authorized, including preliminary reports, surveys, preparations, plans and specifications and for the payment of all other costs and expenses prior to and during construction, including the acquisition of necessary rights of way, easements, lands and other property of every kind and description and appurtenances thereto, and the payment of all expenses, engineering and administrative costs as provided by the board in the proceedings for the issuance of such bonds.
(Amended by Stats. 1961, Ch. 396.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 7 - Funds › Section 26394.

26394. If any surplus shall exist in a bond fund or enterprise fund, after the payment in full of all costs of acquisition, construction and completion of the project for which the revenue bonds were issued, the same may be disbursed for any of the purposes provided for in this chapter or in any agreement which may be made by the board in any indenture for the issuance of the revenue bonds.
(Amended by Stats. 1961, Ch. 396.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 7 - Funds › Section 26395.

26395. The board may provide for the payment of the interest becoming due and payment on the principal of revenue bonds prior to and during the period of actual construction of the project for which the bonds are issued and for the period specified in the indenture for the issuance of the bonds, which period shall not exceed two years after the completion of construction and for the payment of all costs and expenses of administration during a period of one year after the completion of construction of the project out of the bond fund or enterprise fund as the need therefor may arise and moneys in the bond fund or enterprise fund are hereby made available for such purposes.
(Amended by Stats. 1961, Ch. 396.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 7 - Funds › Section 26396.

26396. Moneys in a bond fund or enterprise fund not required to meet acquisition or construction costs or expenses payable from the construction fund or interest on the bonds, may be invested in bonds and other obligations eligible for investment of surplus county moneys; subject to such limitations as may be provided in the proceedings authorizing the issuance of the bonds. Any income or interest thereon shall be added to and become a part of the bond fund or enterprise fund.
(Amended by Stats. 1961, Ch. 396.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 7 - Funds › Section 26397.

26397. All revenues received from the operation of the project acquired, constructed or completed by the board shall be paid into the county treasury to the credit of either an enterprise fund or a special revenue fund established for the particular project for which the bonds were authorized. The moneys shall be utilized for:
(a) Payment of the principal and interest on all bonds issued by the board for the particular project producing the revenue as and when the principal and interest become due.
(b) The creation of any reserve provided by the board in the proceedings for the issuance of the bonds.
(c) The payment of all costs and expenses incurred in connection with the project.
(Amended by Stats. 1961, Ch. 396.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 8 - Definition and General Provisions › Section 26398.

26398. This chapter shall be liberally construed to carry out its objects and purposes and to finance the construction of needed public improvements through the medium of revenue bonds and to protect the holders of such bonds.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 8 - Definition and General Provisions › Section 26399.

26399. “Bonds” as used in this chapter means the written evidence of any obligation incurred by the board payable out of revenues as provided in this chapter in order to secure funds with which to carry out the purposes of this chapter irrespective of the form of such obligation whether in the form of bonds, notes, debentures, interest bearing certificates or other forms prescribed by the board.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 8 - Definition and General Provisions › Section 26400.

26400. “Revenue” as used in this chapter shall mean all fees, rates, charges, rentals or other income and revenue actually received or receivable by or for the account of the board from the operation of any particular project including without limiting the generality of the foregoing interest allowed on any moneys or securities and any proceeds derived from the sale of any securities and any consideration in any way derived from the particular project owned, operated or maintained by the board.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 8 - Definition and General Provisions › Section 26400.4.

26400.4. This chapter shall not be operative in any county until the board of supervisors, either at a general or a special election, shall submit to the electors of the county the question as to whether the board of supervisors shall be authorized to adopt the revenue-bond method of financing for the improvements referred to in this chapter.
If a majority of the electors voting upon the question vote in favor of the revenue-bond method of financing the said improvements, the board of supervisors may proceed to undertake and finance the improvements as provided for herein.
If a majority of the electors voting upon the question vote against the revenue-bond method of financing the said improvements, the board of supervisors shall not again submit the question to the electors until a period of at least six months has elapsed since the date of the last election at which the question was submitted.
(Added by Stats. 1947, Ch. 815.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 9 - Revenue Bonds for County Airports › Section 26400.50.

26400.50. This article applies only to the County of Orange and the County of Sacramento and is in addition to any other authority contained in this chapter.
(Added by Stats. 1986, Ch. 1388, Sec. 2.5. Effective September 30, 1986.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 9 - Revenue Bonds for County Airports › Section 26400.51.

26400.51. The board of supervisors may issue bonds pursuant to this chapter for the purpose of financing the acquisition, construction, maintenance, operation, improvement, and development of property, real and personal, including, but not limited to, buildings, grounds, facilities, utilities, and structures necessary or convenient for the promotion or accommodation of air commerce and air navigation. These improvements, together with any existing or future airport facilities of the county, as the board of supervisors may determine, may be designated as a project for purposes of this chapter, and in that event Section 26400.4 does not apply to the issuance of bonds under this chapter.
(Added by Stats. 1986, Ch. 1388, Sec. 2.5. Effective September 30, 1986.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 9 - Revenue Bonds for County Airports › Section 26400.52.

26400.52. Bonds may be issued pursuant to this article under terms and conditions that the board of supervisors determines to be reasonable and without compliance with Section 26338, 26343, 26361, 26362, or 26389. Notwithstanding the noncompliance with Section 26361, the lease of all or any portion or portions of the project or of any lands, improvements, concessions, facilities, or other property comprising a part of the project, is subject to Article 8 (commencing with Section 25520) of Chapter 5. These bonds may bear interest at such rate or rates and be made payable at such times as the board of supervisors may determine, except that the maximum rate of interest payable shall not exceed the maximum rate permitted for bonds of the county by Section 53531 or any other applicable provision of law. In the case of bonds bearing a variable interest rate, the variable rate shall not on any day exceed the maximum rate permitted for bonds of the county on that day by Section 53531 or any other applicable provision of law, except that the variable interest rate may on any day exceed that maximum rate if the interest paid on the bonds from their date of issuance to that day does not exceed the total interest which would have been permitted to be paid on the bonds if the bonds had borne interest at all times from the date of issuance to that day at the maximum rate permitted by Section 53531 or any other applicable provision of law.
Bonds issued pursuant to this article may be sold at public or private sale at not less than 95 percent of the aggregate principal amount of the bonds being sold.
(Amended (as added by Stats. 1986, Ch. 1388) by Stats. 1986, Ch. 1389, Sec. 2. Effective September 30, 1986.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 14 - Revenue Bonds for County Improvements › ARTICLE 9 - Revenue Bonds for County Airports › Section 26400.53.

26400.53. Notwithstanding the first two sentences of Section 26307, nothing in this chapter requires the board of supervisors to pledge for the payment of any bonds issued pursuant to this article any real or personal property other than the revenues and other income received from the operation of or arising from the project, which shall be pledged to the payment of the bonds.
Notwithstanding the fourth sentence of Section 26360 or Section 26397, the board of supervisors may provide in the resolution or indenture authorizing the issuance of the bonds that any revenues and other income received from the operation of or arising from the project and remaining after provision has been made for the payment of the principal of and interest on the bonds, the creation of any reserves, and the payment of necessary and reasonable maintenance and operation costs of the project, including, but not limited to, the reasonable expenses of management, repair, and other expenses necessary to maintain and preserve the project in good repair and working order, may be used, subject to any limiting covenants in the resolution or indenture, for any lawful purpose of the county.
The board may also provide in the resolution or indenture authorizing issuance of the bonds that provisions for the payment of reasonable and necessary costs of operation and maintenance for the project may be made prior to providing for the payment of the bonds and any reserves therefor.
(Added by Stats. 1986, Ch. 1388, Sec. 2.5. Effective September 30, 1986.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26401.

26401. Subject to the provisions of this chapter, boards of supervisors in their respective counties shall have authority to undertake and to issue revenue bonds to finance the acquisition, construction, maintenance and operation of public incinerators and such facilities in connection therewith as in the opinion of the board may be reasonably necessary to provide for the full, complete and convenient public utilization of such incinerators.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26402.

26402. Incinerators may be acquired, constructed, maintained and operated either individually or in groups. Each individual incinerator or group of incinerators shall be designated as a “project” and shall be so referred to in this chapter.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26403.

26403. If in the opinion of the board, it is advisable that any project be acquired, constructed or completed, in whole or in part, it shall cause a report thereon to be made by any appropriate county officer or officers, which shall include:
(a) An estimate of the probable cost of the acquisition, construction and completion, including all incidental expenses, engineering, legal and administrative during the construction;
(b) An estimate of probable sources of income and the amount thereof;
(c) An estimate of the cost of maintenance and for the operation upon completion, including the cost of all repairs, administrative and overhead charges.
The expense of the preparation of the report shall be a county charge and shall be paid by the board out of any funds of the county available therefor.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26404.

26404. If the report is approved by the board, the board may adopt a resolution declaring that the public interest and necessity demand the acquisition, construction or completion of the project or of a designated part thereof, the purpose, nature and extent of which shall be described in general terms, and authorizing such acquisition, construction or completion. The board may thereupon authorize the issuance of revenue bonds for the purpose of obtaining funds in an amount estimated by the board to be sufficient for such project or part thereof.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26405.

26405. The board has full charge of the acquisition, construction and completion of all projects authorized by it and may proceed with such work subject to the availability of funds therefor.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26406.

26406. The board may institute any proceedings and acquire all real property necessary therefor on such terms and conditions as it deems advisable.
Whenever the cost of construction of any project or the cost of any repairs thereto shall exceed two thousand five hundred dollars ($2,500), such work shall be done by contract, and any contract therefor shall be void unless the same shall be let in the manner provided by Sections 25451 to 25455, inclusive, of the Government Code.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26406.5.

26406.5. It is unlawful to split or separate into smaller work orders or projects any project undertaken pursuant to this chapter for the purpose of evading any provisions of this chapter which require such work to be done by contract after competitive bidding. Every person who wilfully violates the provisions of this section is guilty of a misdemeanor.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26407.

26407. Title to all property acquired under this chapter and the revenue and income therefrom shall be in the name of the county. The title to such property and the revenue and income therefrom including any miscellaneous revenues, sinking funds, reserve funds and other such funds and the income therefrom pledged to the payment of and interest of any bonds issued hereunder is subject to the trusts created by this chapter in favor of the bondholders. All such property and the income therefrom is exempt from all taxation by the State or by the county or by any city and county, city, municipality, district, political subdivision or public corporation thereof. The management, operation and control of all projects acquired, constructed or completed by the board under this chapter shall be fixed in the board and the powers, rights, functions and duties of the board with respect thereto shall not be impaired or interfered with.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26408.

26408. So long as any bonds issued are outstanding and unpaid, the operation, maintenance, control, repair, construction, alteration and improvement of any project acquired, constructed or completed under this chapter is vested in the board.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26409.

26409. The board may use for the payment of the acquisition, construction, completion, maintenance, operation or insurance of any project undertaken under the authority of this chapter, only the proceeds of revenue bonds issued and sold by the board or the revenue from such project.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26410.

26410. The board may insure against any accident to or destruction of any project or any part thereof. Any money collected on such insurance shall be used for the purpose of repairing or rebuilding the project damaged, injured or destroyed or for the retirement of any revenue bonds issued in connection therewith which may be outstanding or unredeemed, as may be agreed upon by the board in the indenture authorizing the issuance of the bonds.
(Added by Stats. 1947, Ch. 822.)
2023 California Code › Government Code - GOV › TITLE 3 - GOVERNMENT OF COUNTIES › DIVISION 2 - OFFICERS › PART 2 - BOARD OF SUPERVISORS › CHAPTER 15 - Revenue Bonds for County Incinerators › ARTICLE 1 - Authority › Section 26411.

26411. The board may insure against loss of revenue from any cause whatever and the proceeds of such insurance shall be used solely for the payment of the bonds and interest thereon.
(Added by Stats. 1947, Ch. 822.)