Revenue bonds may be issued by the district for the acquisition and construction, or acquisition or construction of any improvements or property or facilities contained within the district.
Chapter 7Revenue Bonds
Section § 13140
The district can issue revenue bonds to pay for acquiring or building improvements, property, or facilities within its boundaries.
revenue bonds district improvements property acquisition construction funding facility development district boundaries public financing bond issuance capital projects infrastructure investment district facilities project funding local government finance improvement projects financial instruments
Section § 13141
This law outlines how revenue bonds are managed, including their authorization, sale, and payment, in a manner similar to the guidelines set by the Revenue Bond Law of 1941. It adjusts some terms, such as referring to 'resolution' as 'ordinance', 'local agency' as 'district', and 'legislative body' as 'board'. Additionally, it specifies that qualified voters in related elections are defined according to this division, with the prescribed method of voting.
Proceedings for the authorization, issuance, sale, security, and payment of revenue bonds shall be had, the board shall have the powers and duties, and the bondholders shall have the rights and remedies, all in substantial accordance with and with like legal effect as provided in the Revenue Bond Law of 1941, Chapter 6 (commencing with Section 54300) of Part 1 of Division 2 of Title 5 of the Government Code; provided, however, that qualified voters at the election therein provided shall be voters as defined in this division, and the method of voting shall be as herein provided. As used therein the word “resolution” shall mean ordinance, the words “local agency” shall mean district, and the words “legislative body” shall mean board.
revenue bonds bond authorization bond issuance sale of bonds bond payment Revenue Bond Law of 1941 voter qualifications election procedures district voting board powers bondholder rights remedies for bondholders voting method district ordinance
