reglab/statecodes huggingface dataset:
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 3 - Issuance and Sale of General Obligation Bonds › Section 29201.

29201. Before making a sale of any of the bonds, notice shall be given by publication once a week, for two weeks, in a newspaper of general circulation in the district, if there is one, and no sale shall be held prior to the expiration of 15 days from the first publication of the notice. Copies of such advertisement may be published in any newspaper or financial publication in the United States and copies may be mailed to recognized investment dealers, banks, investing institutions and statistical organizations, together with any related material pertaining to the district and its bonds, but no defect in any such additional publication or failure to mail or failure of any person to receive copies of any such materials so mailed shall affect the validity of the sale. The board may reject any or all bids received if it determines that the bids are not satisfactory as to price or as to the responsibility of the bidders. If no bids are received or if the board rejects all bids received, the board may either readvertise or sell the bonds at private sale, provided, however, that if the bonds are sold at private sale, they shall not be sold at a price lower than the highest bid, if any, which was received at the public sale.
(Amended by Stats. 1967, Ch. 1518.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 3 - Issuance and Sale of General Obligation Bonds › Section 29202.

29202. The published notice of sale shall describe the bonds and set forth the terms and conditions of sale.
(Amended by Stats. 1965, Ch. 311.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29210.

29210. The district may provide for the funding or refunding of outstanding general obligation indebtedness pursuant to this article, if any of the following conditions exist:
(a) The district has indebtedness evidenced by bonds, notes, or other evidences of indebtedness, which according to their terms are subject to call or payment before maturity.
(b) The district has filed a petition under any bankruptcy law of the United States and refunding of its indebtedness is authorized in the bankruptcy proceedings.
(c) The holder or holders of outstanding indebtedness has consented to exchange such outstanding bonds for refunding bonds bearing a lower rate of interest than such outstanding bonds.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29211.

29211. The district by a two-thirds vote of the board may fund or refund its general obligation indebtedness at, after, or before maturity and issue refunding bonds of the district to refund the indebtedness evidenced by such outstanding securities.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29212.

29212. Refunding general obligations may be issued and may be sold in accordance with Articles 2 (commencing with Section 29169) and 3 (commencing with Section 29200), except that no election need be called or held for the purpose of authorizing the issuance of refunding bonds and the refunding bonds may be sold and the proceeds thereof applied to the redemption of bonds of indebtedness or may be exchanged at not less than their par value for the evidences of indebtedness to be refunded.
(Amended by Stats. 1984, Ch. 144, Sec. 180.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29213.

29213. Refunding bonds issued pursuant to this article will have the same weight and force and may be used in the same manner as the bonds to be refunded.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29214.

29214. The proceeds of any sale of refunding bonds for cash shall be deposited with the treasurer or depositary, as determined by the district, to the credit of the Funding Fund, and applied only to refunding the indebtedness for which the bonds are issued.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29215.

29215. Any proceeds of the refunding bonds remaining after the indebtedness has been paid shall be deposited in the fund established for the payment of principal and interest on the refunding bonds and used only for the purpose of paying such principal or interest as it matures.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29216.

29216. At the time of making the general tax levy after incurring the bonded indebtedness and annually thereafter until the refunding bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the district shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of the next general tax levy will be available.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29217.

29217. If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the board shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29218.

29218. The taxes shall be levied and collected as other district taxes, and are in addition to all other taxes. They shall be used only for the payment of the bonds and interest thereon.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29219.

29219. Refunding bonds may be issued in a principal amount sufficient to provide funds for (a) the payment of the principal of and interest on the bonds, notes or other evidences of indebtedness to be refunded; (b) all expenses incidental to the calling, retirement or payment of the outstanding bonds, notes or other evidences of indebtedness and the issuance of refunding bonds including the difference in amount between the par value of the refunding bonds and any amount less than par; (c) any amount necessary to be made available for the payment of interest upon the refunding bonds from the date of their delivery to the date of maturity or payment of the bonds, notes or other evidences of indebtedness to be refunded out of the proceeds of sale or the date upon which the bonds, notes or evidences of indebtedness to be refunded will be paid pursuant to call and redemption thereof or pursuant to any agreement with the holders thereof for the refunding or exchanging of such bonds, notes or other evidences of indebtedness; and (d) the premium if any necessary to be paid in order to call and retire the outstanding bonds, notes or other evidences of indebtedness to be refunded. Refunding bonds may be exchanged at not less than their par value and accrued interest for outstanding bonds, notes or other evidences of indebtedness to be refunded thereby.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29220.

29220. When sufficient money is in the Funding Fund to redeem one or more outstanding past due bonds, notes or other evidences of indebtedness, or to redeem one or more of the outstanding bonds, notes or other evidences of indebtedness, which are subject to call or payment before maturity, and which are proposed to be funded or refunded, the treasurer shall publish a notice that he is prepared to pay the bond, note or other evidence of indebtedness (giving its number, if any). The notice shall be published once a week for two weeks in a newspaper of general circulation in the district, if there is one. Copies of such advertisement may be published in any newspaper or financial publication in the United States. If the bond, note or other evidence of indebtedness to be called for redemption or refunded is not presented for redemption on or before the date specified for redemption, as set forth on the face of such outstanding bond, note or other evidence of indebtedness, interest thereon shall cease.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29221.

29221. At the same time, the treasurer shall deposit in the post office a copy of the notice, enclosed in a sealed envelope, postage prepaid, addressed to the registered owner of any such bond, note, or other evidence of indebtedness, registered pursuant to this part, whose address appears upon the record in the treasurer’s office. If the bond, note, or other evidence of indebtedness is not presented within the time specified in the notice, the interest upon it ceases and the amount due shall be set aside for the payment when presented.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29222.

29222. When any outstanding bonds, notes or other evidence of indebtedness are surrendered and paid, the treasurer shall cancel them by endorsing on their faces the amount for which they are received, “Canceled,” and the date of cancellation.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29223.

29223. The treasurer shall keep a record of bonds, notes, or other evidences of indebtedness redeemed, and report the redemption to the board. At the end of each month in which there has been a redemption, a report thereof shall be made accompanied by the bonds, notes, or other evidence of indebtedness which have been taken up and canceled or by a certificate of their destruction by any bank or trust company appointed by the board as fiscal agent or paying agent for such bonds, notes, or other evidences of indebtedness and authorized to destroy bonds, notes, or coupons, or other evidence of indebtedness upon payment thereof.
(Amended by Stats. 1965, Ch. 311.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29224.

29224. Any money remaining in the Funding Fund, after all outstanding bonds, warrants, judgments, notes, or other evidences of indebtedness proposed to be refunded have been taken up and canceled, shall be deposited in the fund established for the payment of principal and interest on the refunding bonds and used only for paying such principal or interest as they mature.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 4 - Refunding Bonds › Section 29225.

29225. Refunding of revenue bonds of the district may be accomplished in the manner provided by the Revenue Bond Law of 1941, all of the provisions of which are hereby made applicable to the district.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29230.

29230. The district may borrow money for the purpose of defraying general administrative and preliminary expenses of the district, lawfully incurred, prior to the time moneys to be raised by the first tax levy for the district are available, a sum which shall not exceed five cents ($0.05) on each one hundred dollars ($100) of assessed valuation of taxable property in the district at the time the moneys are borrowed, and to evidence such borrowing by notes bearing interest at a rate not to exceed six (6) per centum per annum. The notes shall be payable from the first tax levy made by the district and the tax levy shall contain a sum sufficient to provide for the payment of the notes and the interest thereon. The form of said notes their issuance and sale, will be governed by the applicable provisions referred to in Section 29233. The maturity of said notes shall not exceed two (2) years.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29231.

29231. At any time prior to the first receipt by the district of revenues from taxation, the counties within the district may loan any available money to the district for the purposes of organization and operation. Such expenditures shall constitute a proper expenditure of county funds.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29232.

29232. The treasurers of the counties within the district shall pay into the treasury of the district all funds held by them to the credit of the district.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29233.

29233. The district may borrow money in accordance with the provisions of Article 7 (commencing at Section 53820), Chapter 4, Part 1, Division 2, Title 5 of the Government Code, and these sections apply to and govern all such proceedings instituted under this part.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29234.

29234. The district may borrow money in anticipation of the sale of bonds which have been authorized to be issued, but which have not been sold and delivered, and may issue negotiable bond anticipation notes therefor and may renew the same from time to time, but the maximum maturity of any such notes, including the renewals thereof, shall not exceed five years from the date of delivery of such original notes. Such notes may be paid from any moneys of the district available therefor and not otherwise pledged. If not previously otherwise paid the notes shall be paid from the proceeds of the next sale of the bonds of the district in anticipation of which they were issued and if not so paid taxes may be levied for their payment in the same manner as taxes are levied for the payment of general obligation bonds pursuant to Section 29121 until such bonds are issued. Such notes shall not be issued in an amount in excess of the aggregate amount of bonds which the district has been authorized to issue, less the amount of any bonds of such authorized issue previously sold, and also less the amount of other bond anticipation notes therefor issued and then outstanding. The notes shall be issued and sold in the same manner as the bonds. Such notes and the resolution or resolutions authorizing the same may contain any provisions, conditions, or limitations which a resolution of the district authorizing the issuance of bonds may contain.
(Added by Stats. 1961, Ch. 1967.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29235.

29235. (a) The district may borrow money for the purchase of transit vehicles, as defined in subdivision (b) of Section 99501, transit equipment, or transportation facilities, or for capital improvements, by the issuance of grant anticipation notes issued pursuant to Article 7.7 (commencing with Section 53859) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code payable on the basis of any of the following:
(1) From appropriated state funds.
(2) From other funds committed, but not appropriated, and evidenced by an appropriate document of intent.
(3) On specific dates or events and evidenced by an appropriate document of intent. There shall be no liability on the state for funds appropriated but not allocated.
(b) In addition to the grant money that may be pledged for the payment of the notes pursuant to Section 53859.06 of the Government Code, the district may pledge as security, on terms that it deems appropriate, the transit vehicles or equipment, transportation facilities, or capital improvements acquired with the proceeds of the notes.
(Added by Stats. 1984, Ch. 153, Sec. 1.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 5 - Temporary Borrowing › Section 29236.

29236. In addition to any other existing authority, the district may borrow money and incur indebtedness pursuant to Article 7.4 (commencing with Section 53835) of Chapter 4 of Part 1 of Division 2 of Title 5 of the Government Code.
(Added by Stats. 2010, Ch. 699, Sec. 37.3. (SB 894) Effective January 1, 2011.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 6 - Revenue Bonds › Section 29240.

29240. As an alternative procedure for the raising of funds, the district is hereby authorized to issue bonds, payable from revenues of any facility or enterprise to be acquired or constructed by the district, in the manner provided by the Revenue Bond Law of 1941, all of the provisions of which are hereby made applicable to the district, provided however, that no election shall be required in the case of revenue bonds authorized by the board of directors for rapid transit facilities and any and all parts thereof and all additions, extensions and improvements thereto and all other facilities authorized to be acquired, constructed or completed by the district under this part, if prior to such authorization a proposition for the issuance of general obligation bonds has been adopted by vote of the qualified electors of the district pursuant to Section 29168; and provided, further, that nothing contained in the Revenue Bond Law of 1941 shall be deemed to restrict the power of the district to levy taxes and use their proceeds for all district purposes within the restrictions established by this part.
(Amended by Stats. 1967, Ch. 1518.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 6 - Revenue Bonds › Section 29241.

29241. The district is hereby declared to be a local agency within the meaning of the Revenue Bond Law of 1941. The term “enterprise” as used in the Revenue Bond Law of 1941 shall for all purposes of this part include rapid transit facilities and any and all parts thereof and all additions, extensions and improvements thereto and all other facilities authorized to be acquired, constructed or completed by the district under this part. The district may issue revenue bonds under such law for any one or more facilities or enterprises authorized to be acquired, constructed or completed by the district, or in the alternative, may issue revenue bonds under such law for the acquisition, construction and completion of any one of such facilities and also issue bonds payable from assessments in accordance with the procedure provided by this part for any other of such facilities. Nothing in this part contained shall prevent the district from availing itself of, or making use of, any procedure provided hereunder for the issuance of bonds of any type or character for any of the facilities or works authorized hereunder, and all such proceedings may be carried on simultaneously or, in the alternative, as the directors may determine.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 7 - Equipment Trust Certificates › Section 29250.

29250. The district shall have power to purchase equipment such as cars, trolley buses and motor buses, rolling equipment, and may execute agreements, leases and equipment trust certificates in the forms customarily used by private corporations engaged in the rapid transit business appropriate to effect such purchase and leasing of rolling equipment and may dispose of such equipment trust certificates upon such terms and conditions as the board may deem appropriate. All money required to be paid by the district under the provisions of such agreements, leases and equipment trust certificates shall be payable solely from the revenue or income to be derived from the transportation system and from grants and loans as provided in Sections 29080 and 29081 of this part. Payment for such equipment, or rentals therefor, may be made in installments, and the deferred installments may be evidenced by equipment trust certificates payable solely from such revenue or income, and title to such equipment shall not vest in the district until the equipment trust certificates are paid.
(Amended by Stats. 1961, Ch. 1967.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 7 - Equipment Trust Certificates › Section 29251.

29251. 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, lessor or vendor 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. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 7 - Equipment Trust Certificates › Section 29252.

29252. The agreements and leases shall be duly acknowledged before some 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 the revenue or income to be derived from the rapid transit system.
(Amended by Stats. 1961, Ch. 1967.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 7 - Equipment Trust Certificates › Section 29253.

29253. 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. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 8 - Special Assessment Bonds › Section 29260.

29260. In addition to all other powers granted under this part, the district shall have the right to acquire, construct and complete any improvements authorized hereunder by special assessment proceedings. The Improvement Act of 1911 and the Improvement Bond Act of 1915 are applicable to the district and the powers and duties conferred by those acts upon the boards, officers and agents of the district; provided, that the improvements authorized to be constructed or acquired by this section are limited to those permitted to be constructed or acquired by the district under the provisions of this part.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 8 - Special Assessment Bonds › Section 29261.

29261. An assessment district formed or proposed to be formed under this part, on the acquisition of any property or the construction of any improvement thereby, shall not be subject to any of the provisions of the District Investigation Law of 1933.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 8 - Special Assessment Bonds › Section 29262.

29262. An assessment district formed or proposed to be formed under this part, on the acquisition of any property or the construction of any improvement thereby, shall not be subject to any of the provisions of the Special Assessment Investigation, Limitation and Majority Protest Act of 1931.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 9 - Reissuance of Bonds, Notes, Coupon or Other Evidence of Indebtedness, Lost, Destroyed, Defaced or Mutilated › Section 29270.

29270. If lost or completely destroyed, any bond, note, coupon, or other evidence of indebtedness may be reissued in the form and tenor of the lost or destroyed bond, note, coupon, or other evidence of indebtedness, upon the owner furnishing all of the following to the satisfaction of the district:
(a) Proof of ownership.
(b) Proof of loss or destruction.
(c)  An undertaking to indemnify the district against any loss incurred on account of the bond, note, coupon, or other evidence of indebtedness.
(d) Payment of the cost of preparing and issuing the new bond, note, coupon, or other evidence of indebtedness.
(Amended by Stats. 1990, Ch. 360, Sec. 1.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 9 - Reissuance of Bonds, Notes, Coupon or Other Evidence of Indebtedness, Lost, Destroyed, Defaced or Mutilated › Section 29271.

29271. If defaced, mutilated, or partially destroyed, any bond, note, coupon, or other evidence of indebtedness may be reissued in the form and tenor of the defaced or partially destroyed bond, note, coupon, or other evidence of indebtedness, to the bearer, or if registered, to the registered holder, at his expense, on surrender of the defaced or partially destroyed bond, note, coupon, or other evidence of indebtedness, and on such other conditions as the resolution authorizing the reissuance may provide.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 10 - Past Due Bonds › Section 29280.

29280. When a bond, note, interest coupon, or other evidence of indebtedness payable from funds in the custody of the treasurer of the district is presented to him for payment and is not paid for want of funds, he shall endorse upon it “Not paid for want of funds,” the date of presentation, and a serial number indicating the order of presentation, and shall sign or stamp his name thereon.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 10 - Past Due Bonds › Section 29281.

29281. Upon receipt of the first money in the treasury applicable to their payment, the treasurer shall set apart the amount necessary to pay the past due bonds, notes, coupons or other evidence of indebtedness that have been registered for want of funds. He shall give notice by registered mail to the owner or holder of the registered bonds, notes, coupons, and other evidences of indebtedness, at the address last filed, stating that he is ready to pay for them. The bonds, notes, coupons and other evidences of indebtedness shall be paid from such money, in the order of their registration.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 10 - Past Due Bonds › Section 29282.

29282. If the registered bonds, notes, coupons, and other evidences of indebtedness are not presented for payment within 30 days from mailing of the notice, the treasurer shall apply the fund set aside to the payment of the unpaid registered bonds, notes, coupons, and other evidences of indebtedness next in order, until all registered bonds, notes, coupons, and other evidences of indebtedness have been called.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 11 - General Provisions › Section 29290.

29290. All bonds and other evidences of indebtedness issued by the district under the provisions of this part, and the interest thereon, are free and exempt from all taxation within the State of California, except for transfer, franchise, inheritance and estate taxes.
(Added by Stats. 1961, Ch. 1967.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 11 - General Provisions › Section 29291.

29291. An action to determine the validity of bonds or other evidences of indebtedness may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure.
(Repealed and added by Stats. 1961, Ch. 2117.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 11 - General Provisions › Section 29292.

29292. Any person who, without probable cause, institutes in any court, state or federal, any action or proceeding contesting the validity of the issuance or sale by the district of any bonds or other evidences of indebtedness authorized by this part, and who does not prevail in such action or proceeding, shall be liable in damages to the district, in an amount which will compensate the district for all the detriment proximately caused thereby, or which, in the ordinary course of things, would be likely to result therefrom. He shall also be liable for the costs and attorney’s fees paid or incurred in the defense of the action or proceeding. No proceeding contesting the validity of the issuance or sale by the district of any bonds or other evidences of indebtedness authorized by this part shall be instituted following the expiration of 60 days from and after the date of the election authorizing the issuance of the bonds or, in the case of indebtedness for which an election is not required, 60 days from and after the date of the resolution of the board authorizing the issuance of the indebtedness involved.
(Amended by Stats. 1967, Ch. 1518.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 8 - Bonds and Other Evidences of Indebtedness › ARTICLE 11 - General Provisions › Section 29293.

29293. Notwithstanding any other statutory provision to the contrary, the district may pledge all or any part of income received under Section 29123 to the payment of any revenue bonds to be issued pursuant to Article 6 (commencing with Section 29240) of this chapter or the payment of any equipment trust certificates to be issued pursuant to Article 7 (commencing with Section 29250) of this chapter. Income so pledged may be declared in such pledge to be revenues of the enterprise for all purposes of the Revenue Bond Law of 1941, notwithstanding anything to the contrary therein contained.
(Added by Stats. 1970, Ch. 944.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 1 - Annexation Agreement › Section 29500.

29500. Any county not included within the boundaries of the district, including a county which has withdrawn from the district pursuant to Chapter 10 of this part, may be annexed thereto in the manner provided in this chapter.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 1 - Annexation Agreement › Section 29501.

29501. The board of supervisors of the county proposed to be annexed shall agree in writing with the board of directors of the district upon the terms and conditions of annexation, which agreement (among other things) may provide for the levy and collection of special taxes within the county in addition to the taxes elsewhere in this part provided for, the fixing of rates, rentals, and charges differing from those fixed or existing elsewhere within the district, the incurring or assumption of indebtedness, or the making of a payment or payments, or the transfer of property, real and personal, and other assets to the district by the county.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 1 - Annexation Agreement › Section 29502.

29502. As a condition of annexation, the district shall require any county seeking to annex to the district to reimburse the district for the county’s equitable share of the previously incurred cost of financing capital expenditures within the district theretofore imposed by taxation on territory within the district. The amount of reimbursement due from such county, unless otherwise provided for in the annexation agreement entered into pursuant to Section 29501 of this code, shall be computed on the following basis: one-half in the proportion that the population of the county bears to the total population of the district and one-half in the proportion that the assessed value of the real estate of the county bears to the total assessed value of the real estate of the district. Determinations of population shall be made by the district on the latest official information available to it. Determinations by the district as to the amount of capital expenditures shall be conclusive in each case.
(Amended by Stats. 1967, Ch. 1518.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 1 - Annexation Agreement › Section 29503.

29503. As an alternative method of annexation, a petition may be presented to the board of supervisors of a county proposed to be annexed, signed by qualified electors of the county, in number to at least ten (10) percent of the total vote cast at the last general election within the county. The petition shall contain statements and declarations setting forth the reason for annexation. Such petition may be on separate papers, but each paper shall contain the affidavit of the party who circulated it, certifying that each name signed thereto is the true signature of the person whose name it purports to be. The clerk of the board of supervisors of such county shall compare the signatures with the affidavits of registration and certify to the board of supervisors the sufficiency or insufficiency of such petition. If found and certified by the clerk as being sufficient, such petition shall have all the force and effect of a resolution adopted by the board of supervisors of such county.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 1 - Annexation Agreement › Section 29504.

29504. Upon receipt of a petition pursuant to Section 29503, the board of supervisors shall communicate with the board and negotiate an annexation agreement and hold an election as provided in this part.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29520.

29520. The agreement shall become effective and be binding upon the district and the county when approved in the manner set forth in this chapter. The board of directors of the district shall by ordinance setting forth the agreement at length declare its intention of causing it to be executed by the district.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29521.

29521. The ordinance, together with a notice fixing the time and place for hearing thereon, shall be published once in a newspaper of general circulation published in the district. The time fixed for the hearing shall be not less than thirty (30) nor more than sixty (60) days from the date of the publication of the ordinance.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29522.

29522. At the hearing any person interested may file with the board of directors of the district written objections to the execution of the agreement.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29523.

29523. Upon the hearing the board of directors of the district shall determine whether or not the agreement will be carried into execution and shall hear and determine all objections thereto. Failure of any person interested in the district or in the matter of the proposed execution of the agreement to show cause in writing pursuant to Section 29522, constitutes an assent on his part to a change in the boundaries of the district and to the execution of the agreement.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29524.

29524. Any hearing on the agreement may be adjourned from time to time by the board of directors of the district without further notice other than an order to be entered upon the minutes of the meeting fixing the time and place of adjournment.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29525.

29525. If no protests are filed or if the protests filed are overruled and denied, the board of directors of the district shall thereupon by resolution finally approve the agreement and authorize its execution, which shall become effective when executed by the county, duly authorized in the manner provided in this chapter.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 2 - Approval by District › Section 29526.

29526. When executed by the district the agreement shall be dated and an executed copy filed with the secretary of the district. An executed copy shall also be filed with the clerk of the county to be annexed.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 3 - Approval by County › Section 29540.

29540. At any time after the board of directors of the district has finally approved the agreement of annexation the board of supervisors of the county to be annexed shall cause an election to be held in the county to determine whether the county will be annexed to the district upon the terms and conditions stated in the agreement.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 3 - Approval by County › Section 29541.

29541. Notice of election shall be published once a week for two successive weeks (two publications) in a newspaper of general circulation published within the county, and shall either state that a copy of the annexation agreement is on file in the office of the clerk of the county proposed to be annexed, and open to the inspection of all persons interested, or set forth the terms and conditions of the agreement of annexation at length, in the discretion of the board of supervisors calling the election.
(Amended by Stats. 1975, Ch. 601.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 3 - Approval by County › Section 29542.

29542. The ballots for the election shall contain substantially the instructions required to be printed on ballots for use at general state and county elections and in addition shall set forth the proposition of annexation substantially as follows:
Shall the County of ________________ be annexed to San Francisco Bay Area Rapid Transit District in accordance with and subject to all the terms and conditions of an agreement of annexation dated _________ now on file in the office of the Clerk of _______________ County?
YES
NO
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 3 - Approval by County › Section 29543.

29543. If upon a canvass of the election it is found that a majority of all votes cast on the proposition at the election were cast in favor of the annexation, the proposition and all of the terms and conditions of the agreement of annexation shall be deemed carried and approved by the voters.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 3 - Approval by County › Section 29544.

29544. If the proposition fails to carry, the result shall be entered upon the minutes of the board of supervisors of the county.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 3 - Approval by County › Section 29545.

29545. If the proposition receives the vote of the requisite majority of voters, the board of supervisors of the county shall enter in its minutes an order declaring the result of the election and shall thereupon cause the agreement of annexation to be executed by its duly authorized officers.
(Added by Stats. 1957, Ch. 1056.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 2 - SAN FRANCISCO BAY AREA RAPID TRANSIT DISTRICT › CHAPTER 9 - Annexation › ARTICLE 4 - Establishment of Annexation › Section 29560.

29560. Upon receipt by the district of a copy of the agreement of annexation properly executed by the district and the county proposed to be annexed the board of directors of the district shall pass a resolution declaring the county annexed to the district, and shall cause a certified copy of the resolution to be filed with the Secretary of State. From and after the date of filing of the resolution with the Secretary of State the annexation of the county to the district is complete.
(Added by Stats. 1957, Ch. 1056.)