reglab/statecodes huggingface dataset:
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 3 - Investments › Section 101231.

101231. Such investment may be made by direct purchase of any issue of such bonds, treasury notes, or obligations, or part thereof, at the original sale or by the subsequent purchase of the bonds, treasury notes, or obligations.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 3 - Investments › Section 101232.

101232. Any bonds, treasury notes, or obligations purchased and held as investments by the district may, from time to time, be sold and the proceeds reinvested in bonds, treasury notes, or obligations as provided in this article.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 3 - Investments › Section 101233.

101233. Sales of any bonds, treasury notes, or obligations purchased and held by the district shall, from time to time, be made in season so that the proceeds may be applied to the purposes for which the money with which the bonds, treasury notes, or obligations were originally purchased was placed in the treasury of the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 3 - Investments › Section 101234.

101234. With the consent of the board, the general manager may:
(a) Authorize the trust department of any state or national bank in this state, or a trust company authorized to act as such in this state, to receive as his agent deposits of any securities acquired by the district.
(b) Place and maintain for safekeeping as a trust deposit with the trust department of any state or national banks in this state, or a trust company authorized to act as such in this state, any securities owned by the district.
The bank or trust company selected shall have a total paid-in capital of at least one million dollars ($1,000,000). The general manager shall take from the trust department or trust company a receipt for the securities, and neither the general manager nor the district is responsible for the custody and safe return of the securities until they are withdrawn from the trust department or trust company by the general manager. Any trust department or trust company to which securities are delivered, either as agent or depository for the district, shall make such disposition of the securities as the general manager directs and is responsible only for the strict compliance with written instructions given to it by the general manager. All such securities are at all times subject to the order of the general manager.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 4 - Audits and Financial Report › Section 101240.

101240. The general manager shall cause to be installed and maintained a system of auditing and accounting which shall completely and at all times show the financial condition of the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 4 - Audits and Financial Report › Section 101241.

101241. The fiscal affairs of the district shall be predicated upon a fiscal year commencing on the first day of July of each calendar year and terminating on the 30th day of June of the following calendar year.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 4 - Audits and Financial Report › Section 101242.

101242. Within 90 days from and after the close of each fiscal year, the general manager shall prepare and file with the secretary of the district a financial report showing the result of the operations of the district for the preceding fiscal year and the financial status of the district on the last day thereof.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 4 - Audits and Financial Report › Section 101243.

101243. A copy of the financial report shall be kept in the office of the general manager and shall be available to public inspection at all times during the regular office hours of his office.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 4 - Audits and Financial Report › Section 101244.

101244. Within 15 days after the filing of the financial report, the general manager shall publish a notice of such filing and shall state the fact of such availability for public inspection, together with the address of the office of the general manager. Such publication shall be in accord with Section 6061 of the Government Code.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 4 - Audits and Financial Report › Section 101245.

101245. Within 15 days after the filing of the financial report, the general manager shall transmit a copy thereof to the board of supervisors and to the city council of each city within the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101250.

101250. On or before the 30th day prior to the end of each fiscal year, the general manager shall submit to the board a proposed budget covering all of the contemplated operations of the district for the following fiscal year. At that time a copy of the proposed budget shall be transmitted to the board of supervisors and to the city council of each city lying either in whole or in part within the boundaries of the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101251.

101251. Prior to the time the board finally adopts the budget, it shall hold a public hearing upon the proposed budget submitted by the general manager. Notice of the time and place of hearing shall be published pursuant to Section 6061 of the Government Code and shall be made not later than the 15th day prior to the date of the hearing.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101252.

101252. The date of the hearing shall be fixed by the board and shall be not later than July 1 of each year.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101253.

101253. At the time and place designated in the published notice, the board shall meet and consider the proposed budget. Any resident of the district may appear and be heard regarding the increase, decrease, or omission of any item in the proposed budget or for the inclusion of new items. All proposals for the increase of any item or for the inclusion of any additional items shall be submitted in writing to the general manager before the close of the public hearing.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101254.

101254. The board may continue the hearing from day to day; provided the hearing shall be concluded not later than July 15 first following its commencement.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101255.

101255. After the conclusion of the hearing, and not later than August 1st of each year, and after making any revisions of the proposed budget which it may deem advisable either during or after the hearing, the board shall by resolution adopt the budget as finally determined by the board. Increases or additions shall not be made after the conclusion of the hearing, unless the items were proposed in writing and filed pursuant to Section 101253.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 5 - Budget › Section 101256.

101256. A copy of the budget as finally adopted by the board shall be filed with the county auditor pursuant to Section 53901 of the Government Code.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 6 - General Financial Provisions › ARTICLE 6 - Services of County and City Officers › Section 101260.

101260. Whenever the district avails itself of the services of any officer or department of the County of Kern, or of any city within the district, in the performance of any function of the district, the district shall reimburse the county or the city, as the case may be, for the reasonable value of any such service so performed in an amount, or at a rate of charge, to be fixed by the legislative body of the agency performing the service.
Reimbursement to the county for its services to the district in the collection of district taxes shall be subject to the limitation prescribed by Section 29142 of the Government Code.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101265.

101265. (a) The district may cause to be levied and collected taxes for any lawful purpose, subject to a maximum limit of fifteen cents ($0.15) per one hundred dollars ($100) of assessed valuation.
(b) The maximum limit may be increased to twenty-five cents ($0.25) per one hundred dollars ($100) of assessed valuation, if approval is first obtained from the city council of each city lying entirely within the boundaries of the district and the board of supervisors.
(c) The maximum limit may be increased above the maximum limits as specified in subdivisions (a) and (b), if such a maximum limit is first approved by the majority of the voters voting at any general or special election on the proposition establishing such a maximum limit.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101266.

101266. If, in the opinion of the board, the transit operation revenues will not be sufficient to pay for any and all lawful purposes of the district, the board shall fix the amount of money necessary to be raised by taxation for any such purpose or purposes and shall cause a tax to be levied therefor.
Any tax so levied shall be subject to the limitations prescribed by Sections 101265 and 101267.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101267.

101267. The board shall, in addition to the general tax levy as set forth in Section 101265, levy and collect annually until the district’s bonds are paid, or until there is a sum in the treasury of the district set apart for that purpose to meet all sums coming due for principal and interest on the bonds as they become due, a tax sufficient to pay the annual interest on the bonds and such part of the principal thereof as becomes due before the proceeds of a tax levied at the next general tax levy will be available. If the maturity of the indebtedness created by the issue of bonds begins more than one year after the date of the issuance thereof, the tax shall be levied and collected annually at the time and in the manner aforesaid, sufficient to pay the interest on the indebtedness as it falls due and to constitute a sinking fund for the payment of the principal on or before maturity.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101268.

101268. On or before the second Monday in August of each year, the county auditor shall transmit to the board a statement in writing showing the total value of all property within the district referred to in Section 101270.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101269.

101269. On or before the last Friday in July of each year, the board shall file with the board of supervisors and with the county auditor a statement in writing which shall contain the following:
(a) An estimate of the amount of money required to be raised by taxation during the fiscal year for the payment of the principal and interest on any bonded indebtedness of the district.
(b) An estimate of the amount of money required to be raised by taxation during the fiscal year for all other purposes of the district.
The statement shall be predicated upon the budget adopted pursuant to the provisions of Article 5 (commencing with Section 101250) of Chapter 6 of this part.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101270.

101270. Annually at the time of levying county taxes, the board of supervisors shall levy a tax upon all the taxable real and personal property within the district. Subject to the maximum limits prescribed by Section 101265, the rate shall be such as will produce, after due allowance for delinquency and cost of collection, the amounts determined by the board of directors as necessary to be raised by taxation and as set forth in the statement required by Section 101269. The tax rate so levied shall apply to all the taxable real and personal property within the district as they appear on the assessment roll of the county.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101271.

101271. The taxes so levied shall be collected at the same time and in the same manner as county taxes and, when collected, shall be paid into the county treasury for the use of the district, or to the treasurer of the district, as the case may be.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101272.

101272. The performance of the acts provided for by this chapter shall constitute a valid assessment of the property within the district and a valid levy of the taxes so fixed.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101273.

101273. All taxes levied under this part are a lien on the property on which they are levied and shall become a lien at the same time as county taxes. The enforcement of the collection of such taxes shall be in the same manner and by the same means provided by law for the enforcement of liens for county taxes, and all of the provisions of law relating to the enforcement of the latter are made a part of this part by specific reference so far as applicable.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 7 - Taxation › Section 101274.

101274. Whenever any real property has been sold for taxes and has been redeemed, the money paid for redemption shall be apportioned and paid to the district treasurer, or deposited in the county treasury for the use of the district, as the case may be, in the proportion which the tax due to the district bears to the total tax for which the property was sold.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101280.

101280. The district may, from time to time, incur a bonded indebtedness as provided in this chapter to pay the cost of acquiring, constructing, or completing the whole, or any portion, of any transit facilities, or for acquiring any works, lands, structures, rights, equipment, or other property necessary or convenient to carry out the objects, purposes, or powers of the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101281.

101281. The district shall not incur a total bonded indebtedness which exceeds 5 percent of the assessed value of all the taxable real and personal property within the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101282.

101282. Whenever the board, by resolution passed by vote of four-fifths of all its members, determines that the public interest or necessity demands the acquisition, construction, or completion by the district of any transit facilities or of any works, lands, structures, rights, equipment, or other property necessary or convenient to carry out the objects, purposes, or powers of the district, the cost of which will be too great to be paid out of the ordinary annual income and revenue of the district, it may, at any subsequent meeting of the board, provide by ordinance for the submission of the proposition of incurring a bonded indebtedness for the purpose set forth in the resolution to the voters of the district at a special bond election held for that purpose.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101283.

101283. In lieu of a resolution passed by the board, proceedings for the issuance of bonds for the purposes provided in this chapter may be initiated by petition of the voters of the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101284.

101284. The petition may be presented to the board, and shall be executed and attested in the same manner as provided a petition for the formation of the district in Article 2 (commencing with Section 101035) of Chapter 3 of this part.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101285.

101285. Whenever any petition signed by voters within the district equal in number to at least 15 percent of the total vote cast within the district at the last general statewide election is presented to the board asking for the acquisition, construction, or completion of the whole, or any portion, of any transit facilities or for acquiring any works, lands, structures, rights, equipment, or other property necessary or convenient to carry out the objects, purposes, or powers of the district, and also asking that a bonded indebtedness be incurred to pay for the cost thereof, the secretary of the district shall forthwith transmit the petition to the county elections official for certification.
(Amended by Stats. 2002, Ch. 221, Sec. 117. Effective January 1, 2003.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101286.

101286. Within 30 days after the receipt of the petition, the county elections official shall examine the petition and determine the number of valid signers thereof by comparing the signatures thereon with the signatures of registered voters as appear on the affidavits of voter registration on file with him or her. The county elections official then shall certify to the secretary of the district all the following:
(a) The total number of voters registered within the district at the time of the last general statewide election immediately preceding the filing of the petition.
(b) The total number of registered voters of the district who have signed the petition.
(c) The percentage which the number of such signers bears to the total number of voters registered to vote within the district at such time.
(Amended by Stats. 2002, Ch. 221, Sec. 118. Effective January 1, 2003.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101287.

101287. If the county elections official certifies that the percentage of registered voters signing the petition is less than that required by Section 101284, a supplemental petition may be presented to the secretary of the district within 30 days after the county elections official’s certification of the first petition. The supplemental petition shall thereupon be processed as provided in Sections 101284 and 101285.
(Amended by Stats. 2002, Ch. 221, Sec. 119. Effective January 1, 2003.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101288.

101288. If the petition has been executed in the manner provided and by the required number of signers, the secretary of the district shall forthwith transmit to the board and to the general manager a copy of the petition, but without the signatures appended thereto.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101289.

101289. Upon receiving a petition so executed by the required number of signers, the board shall provide by ordinance for the submission of the proposition of incurring a bonded indebtedness for the purpose set forth in the petition to the voters of the district at a special bond election held for that purpose.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101290.

101290. The ordinance calling a special bond election shall fix the date on which the election will be held, and the manner of holding the election and of voting for or against incurring the indebtedness. It shall also recite the objects and purposes for which the indebtedness is proposed to be incurred, the estimated cost of the transit facilities, works, lands, structures, rights, equipment, or other property proposed to be acquired, constructed, or completed, the amount of the principal of the indebtedness to be incurred therefor, and the maximum rate of interest to be paid on the indebtedness, which shall not exceed 7 percent per annum, payable semiannually or annually the first year and thereafter semiannually.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101291.

101291. Propositions for incurring indebtedness for more than one object or purpose, or propositions proposed by resolution or petition, may be submitted at the same election.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101292.

101292. The bond election may be held separately, or it may be held on the same day as any other state, county, or city election, or any election held under the Uniform District Election Law (Part 4 (commencing with Section 10500) of Division 10 of the Elections Code), and may be consolidated therewith.
(Amended by Stats. 1994, Ch. 923, Sec. 209. Effective January 1, 1995.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101293.

101293. If a special bond election is consolidated with any other election, the provisions of this article setting forth the procedure for the calling and holding of the special bond election shall be complied with, except that the ordinance calling the election need not set forth the election precincts, polling places, and officers of election who shall be the same as those set forth in the ordinance, notice, or other proceedings calling the election with which the special bond election is consolidated, and shall refer to the ordinance, notice, or other proceedings by number and title, or by other definite description.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101294.

101294. The board shall cause the ordinance to be published in accord with Section 6061 of the Government Code; the publication shall be made not less than 30 and not more than 60 days prior to the day of the election. No other notice of the election need be given.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101295.

101295. If the ordinance calling the election so provides, the election shall be conducted by the county elections official in accord with the manner of holding the election prescribed by the board pursuant to the provisions of Section 101289.
(Amended by Stats. 2002, Ch. 221, Sec. 120. Effective January 1, 2003.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101296.

101296. The board shall comply with Article 3 (commencing with Section 9160) of Chapter 2 of Division 9 of the Elections Code, the provisions of which are applicable to any bond election held pursuant to this article. In the event the election is not conducted by the county clerk, then whenever the words “county clerk” or “county elections official” appear in that article of the Elections Code, the words “secretary of the district” shall be substituted for the purposes of this article of this part. For the further purposes of this article, the following substitutions shall be made in all cases for the words set out in that article of the Elections Code: (a) “board of directors” in lieu of “board of supervisors”; and (b) “attorney for the district” in lieu of “district attorney or county counsel”.
(Amended by Stats. 1994, Ch. 923, Sec. 210. Effective January 1, 1995.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101297.

101297. The votes of a majority of all the voters voting on the proposition at the election are required to authorize the issuance of bonds under this article.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 1 - Issuance › Section 101298.

101298. If the proposition submitted at a special bond election fails to receive the requisite number of votes, the board shall not, within six months after the election, hold another special election for the submission of a proposition of incurring a bonded indebtedness substantially the same as the proposition voted upon at the prior election, unless a petition, signed by voters within the district equal in number to at least 15 percent of the total vote cast within the district at the last general statewide election is filed with the board, requesting that the proposition, or a proposition substantially the same, be submitted at an election to be called for that purpose.
Any such petition may be presented in the same manner and shall be executed and attested and certified as provided in this article for a petition asking that a bonded indebtedness be incurred.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 2 - Form and Content › Section 101300.

101300. If the board has appointed a treasurer of the district pursuant to Section 101166, then the word “treasurer” as used in this chapter shall refer to such treasurer of the district so appointed. If the board has not so appointed a treasurer of the district, then the word “treasurer” as used in this chapter shall refer to the county treasurer.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 2 - Form and Content › Section 101301.

101301. Bonds authorized by this chapter shall mature serially in amounts to be fixed by the board, except that payment shall begin not later than 10 years from the date thereof and shall be completed in not more than 50 years from that date.
The board may divide any issue of bonds authorized pursuant to this chapter into two or more series, and may fix different dates of issuance and different maturity dates for the bonds of each series. The bonds of each series shall mature serially in amounts to be fixed by the board, and the board shall fix a date not more than 10 years from the date of issuance of each series for the earliest maturity of such series, and shall fix a date not more than 50 years from the date of issuance of each series for the final maturity of such series.
Pending the actual issuance or delivery of bonds, a district may issue temporary or interim bonds, certificates, or receipts, of any denomination whatsoever, with or without coupon, and in such form as may be prescribed by the board, to be exchanged for definite bonds when ready for delivery.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 2 - Form and Content › Section 101302.

101302. The bonds shall be issued in such denominations as the board shall determine and shall be payable on the day and at the place or places fixed in the bonds, and with interest at the rate specified therein, payable semiannually or annually the first year and semiannually thereafter.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 2 - Form and Content › Section 101303.

101303. The board may, at any time prior to the issuance and sale of any bonds, provide for the call and redemption of any or all of the bonds on any interest payment date prior to their fixed maturity at not exceeding the par value and accrued interest plus a premium of not exceeding 5 percent upon the principal amount of the bonds, in which event the call price fixed by the board shall be set forth on the face of the bond. Notice of such redemption shall be published pursuant to Section 6066 of the Government Code. The first publication shall be not more than 60 and not less than 30 days prior to the date fixed for redemption. After the date fixed for such redemption, interest on the bonds thereafter shall cease.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 2 - Form and Content › Section 101304.

101304. The bonds shall be signed by the president of the board or by such officer of the district as the board shall by resolution authorize and designate for that purpose. They shall also be signed by the treasurer, and be countersigned by the secretary. The coupons of the bonds shall be numbered consecutively and be signed by the treasurer. All signatures and countersignatures, except one of the signatures or countersignatures on the bonds, may be printed, lithographed, or engraved. If any officer whose signature or countersignature appears on the bonds or coupons ceases to be such officer before the delivery of the bonds to the purchaser, the signature or countersignature is nevertheless valid and sufficient for all purposes as if he had remained in office until the delivery of the bonds.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 3 - Issue and Sale › Section 101310.

101310. The bonds may be issued and sold for not less than their par value, but otherwise as the board determines. Before selling any bonds, or any part thereof, the board shall give notice inviting sealed bids in such manner as the board may prescribe. Such notice shall be published at least twice pursuant to a provision of Article 4 (commencing with Section 6060), Chapter 1, Division 7, Title 1 of the Government Code. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the board determines that the bids received are not satisfactory as to price or responsibility of the bidders, the board may reject all bids received, if any, and either again give notice inviting bids or sell the bonds at private sale.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 3 - Issue and Sale › Section 101311.

101311. All premiums and accrued interest received on the sale of bonds shall be placed in the fund to be used for the payment of principal of and interest on the bonds. The remainder of the proceeds of the bonds shall be placed in the district treasury, or in the county treasury, as the case may be, to the credit of the proper fund, and shall be used exclusively for the objects or purposes for which the bonds were voted; provided that, when such objects and purposes have been accomplished, any moneys remaining shall be transferred to the fund to be used for the payment of principal of and interest on the bonds, and that, when all principal of and interest on the bonds shall have been paid, any balance of money then remaining shall be transferred to the general fund of the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 3 - Issue and Sale › Section 101312.

101312. In lieu of the immediate levy of a tax to pay the interest, or any part thereof, on any bonded indebtedness incurred in accordance with this chapter, the board may, in the estimate of the amount of money necessary to be raised by the bonds, include a sum sufficient to pay interest on all of the bonds, or part thereof, during the period of acquisition, construction, or completion, but for no period in excess of five years.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101315.

101315. Whenever the board, by resolution passed by a vote of four-fifths of all its members, determines that the refunding of the whole, or any portion of, the bonded indebtedness will be of advantage to the district, the board may refund the bonded indebtedness, or any portion thereof, and issue refunding bonds of the district therefor.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101316.

101316. The issuance of refunding bonds shall not be construed as the incurring or increase of an indebtedness within the meaning of this part, and the approval of the voters is not required for the issuance of refunding bonds. The board may provide for the call and redemption of any or all of the bonds on any interest payment date prior to their fixed maturity in the ordinance authorizing the issuance of the refunding bonds.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101317.

101317. Except as otherwise provided, the provisions of this chapter shall substantially govern as to all matters pertaining to the issuance of refunding bonds, including and without limiting the generality of the foregoing, the form, execution, issuance, maturity, redemption, refunding, validation, the payment of interest from bond funds, and the status of the bonds as investments.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101318.

101318. Refunding bonds shall bear interest at a rate not exceeding the interest rate on the refunded bonds, but payment of the refunding bonds shall begin not later than one year from the date thereof and be completed in not more than 40 years from that date.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101319.

101319. The proceeds of the sale of refunding bonds shall be applied only to the purchase, or retirement at not more than par and accrued interest, or the call price, of the bonded indebtedness for which the refunding bonds were issued.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101320.

101320. In lieu of selling refunding bonds and using the proceeds to purchase or retire the bonds to be refunded, the board may exchange refunding bonds at not less than par and accrued interest for the bonds so refunded.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 4 - Refunding › Section 101321.

101321. Whenever outstanding bonds are refunded, they shall be surrendered to the treasurer of the district, or the county treasurer, as the case may be, who shall cancel them by endorsing on their face the manner in which the refunding was effected (whether by exchange or purchase, and the amount for which so purchased, if any) and by perforating through each bond and each coupon attached thereto the word “canceled” together with the date of cancellation.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 5 - Status as Investments › Section 101325.

101325. All bonds, including refunding bonds, issued by a district are legal investments for all trust funds and for the funds of all insurance companies, banks, both commercial and savings, and trust companies, and for the State School Fund and for all sinking funds under the control of the State Treasurer. Whenever any money or funds may by law be invested in, or loaned upon the security of, bonds of cities, cities and counties, counties, or school districts, in the state, such money or funds may be invested in, or loaned upon the security of, the bonds of the district; and whenever bonds of cities, cities and counties, counties, or school districts by law may be used as security for the faithful performance or execution of any court or private trust or of any other act, bonds of the district may be so used.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 5 - Status as Investments › Section 101326.

101326. All bonds of the district, to the same extent as bonds of any other municipality, are legal for use by any state or national bank or banks in the state as security for the deposit of funds of the state or of any county, city and county, city, municipality, or other public or municipal corporation within the state.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 6 - Validation › Section 101330.

101330. An action to determine the validity of bonds, including refunding bonds, may be brought pursuant to Chapter 9 (commencing with Section 860), Title 10, Part 2 of the Code of Civil Procedure.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 7 - Revenue Bonds › Section 101335.

101335. As an alternative procedure for the raising of funds, the district may 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 (Chapter 6 (commencing with Section 54300), Part 1, Division 2, Title 5 of the Government Code), all of the provisions of which are applicable to the district.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 8 - Bonds › ARTICLE 7 - Revenue Bonds › Section 101336.

101336. The district is a local agency within the meaning of the Revenue Bond Law of 1941 (Chapter 6 (commencing with Section 54300), Part 1, Division 2, Title 5 of the Government Code). The term “enterprise” as used in the Revenue Bond Law of 1941 shall, for all purposes of this part, include 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. A district may issue revenue bonds under the Revenue Bond Law of 1941 for any one or more facilities or enterprises authorized to be acquired, constructed, or completed by a district or, in the alternative, may issue revenue bonds under the Revenue Bond Law of 1941 for the acquisition, construction, and completion of any one of such facilities. Nothing in this article shall prevent the district from availing itself of, or making use of, any procedure provided in this part for the issuance of bonds of any type or character for any of the facilities or works authorized hereunder, and all proceedings may be carried on simultaneously or, in the alternative, as the board may determine.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 9 - Labor Provisions › Section 101340.

101340. Employees shall have the right to self-organization, to form, join, or assist labor organizations, to bargain collectively through representatives of their own choosing, and to engage in other concerted activities for the purpose of collective bargaining or other mutual aid or protection. It is declared to be in the public interest that the district shall not express any preference for one union over another.
(Added by Stats. 1971, Ch. 1161.)
2023 California Code › Public Utilities Code - PUC › DIVISION 10 - TRANSIT DISTRICTS › PART 13 - GOLDEN EMPIRE TRANSIT DISTRICT › CHAPTER 9 - Labor Provisions › Section 101341.

101341. Whenever a majority of the employees employed by the district in a unit appropriate for collective bargaining indicate a desire to be represented by a labor organization, the district, upon determining as provided in Section 101344 that the labor organization represents the employees in the appropriate unit, shall enter into a written contract with the accredited representative of the employees governing wages, salaries, hours, and working conditions. In case of a dispute over wages, salaries, hours, or working conditions, which is not resolved by negotiations in good faith between the district and the labor organization, the district and the labor organization may submit the dispute to the decision of the majority of an arbitration board, and the decision of the majority of the arbitration board shall be final.
The arbitration board shall be composed of two representatives of the district, and two representatives of the labor organization, and they shall endeavor to agree upon the selection of the fifth member. If they are unable to agree, the names of five persons experienced in labor arbitration shall be obtained from the California State Mediation and Conciliation Service. The labor organization and the district shall, alternately, strike a name from the list so supplied, and the name remaining after the labor organization and the district have stricken four names, shall be designated as the arbitrator. The labor organization and the district shall determine by lot who shall first strike from the list. The decision of a majority of the arbitration board shall be final and binding upon the parties. The expenses of arbitration shall be borne equally by the parties. Each party shall bear his or her own costs.
(Amended by Stats. 2012, Ch. 46, Sec. 132. (SB 1038) Effective June 27, 2012.)