This section allows a ballot proposition to include both a tax and the authorization to issue bonds. The bonds would help pay for transportation projects detailed in a county plan and would be repaid using tax proceeds.

The total amount of bonds can be equal to, but not surpass, the expected tax income. Bonds don't count as outstanding if there are already funds set aside to pay them off.

This law says that a district can issue bonds, called "limited tax bonds," which can be paid back using money from a tax approved by voters. These bonds can be secured by promising to use the tax revenue to pay them back.

Additionally, the commitment to use the tax revenue for these bonds takes precedence over using the revenue for other immediate financing needs, unless the bond issuance explicitly states otherwise.

This law explains how a district can issue limited tax bonds. First, the district must adopt a resolution with a two-thirds vote. The resolution outlines the amount of bonds needed. The total bond amount can be issued in multiple series, and the payment dates for each series can be different. The bonds do not have to mature on their anniversary date.

This law outlines what must be included in a resolution to issue bonds. The resolution must specify the purposes for incurring debt, estimated costs, the principal amount, bond maturity terms, interest rates, and the bond denominations. The bonds cannot have denominations less than $5,000, and the interest rate must comply with legal limits. It should also describe the bond forms, such as registered or coupon bonds, and include any legally authorized additional details.

This law section states that the interest rates for bonds can't exceed the maximum legal limit. The frequency of interest payments is decided by the commission in charge.

The law says that when a district issues bonds, they can include conditions for calling and redeeming the bonds before they're due. But, a bond can't be called or redeemed early unless it explicitly says so, either in a note or printed statement.

This section states that both the original amount (principal) and the interest of the bonds must be paid in U.S. legal currency. These payments can be made at the district treasurer's office or at other specified locations. Bondholders also have the option to choose where to receive these payments, whether it's at the office, another location, or both.

This law describes how bonds issued by a district should be handled. The bonds must be dated, numbered, and signed by specific district officers like the chairperson and auditor-controller. They also need to have the district's official seal. The interest coupons tied to these bonds require a signature from the auditor-controller as well. These signatures and the seal can be printed or reproduced mechanically. If an officer signs the bonds or coupons and then leaves their position, their signature still holds its validity.

The district has the authority to sell bonds based on its own decisions. These bonds can be sold for less than their face value through either a negotiated or public sale.

This law states that bonds can be delivered anywhere, whether inside or outside California. The payment for these bonds can be made in cash or as bank credits.

This law outlines what happens with the money from selling bonds. Any interest or extra payments (called premiums) received when the bonds are sold go into a specific fund to help pay back the bonds—that means both their original value and any interest on them. The rest of the bond money is kept in the district's treasury and used for its intended purpose, like securing the bonds or other reasons the debt was needed. If there's leftover money after these tasks are done, it can either be used again to pay the bonds back or it may be used to buy back those bonds on the open market. When bonds are bought back, they should be canceled right away.

This section explains that a district can issue refunding bonds to redeem or retire existing bonds. This can be done under terms and times decided by the district. The refunding bonds can cover the principal amount, any premiums, refunding expenses, and interest on either the new refunding bonds or the old bonds being refunded until they are fully paid off. Finally, the same rules for issuing regular bonds apply to these refunding bonds.

This section allows a district to borrow money in advance of selling authorized bonds by issuing something called 'bond anticipation notes.' These notes can be renewed, but they can't have a maturity date longer than five years from when they were first issued. The notes, and any interest on them, can be paid from any available money the district has, such as tax revenue. If not paid earlier, they'll be paid from the money gained when the bonds are finally sold. The district can't issue these notes for more than the total amount they're authorized to sell in bonds, minus any they've already sold or any outstanding notes. The process for issuing these notes is the same as for issuing the bonds, and these notes can include any terms that the district's resolution might have.

This law states that bonds issued under this chapter can be used as legal investments for various official funds like trust funds, funds of insurance companies, and state school funds. They can also be used in situations where current or future laws allow investments in bonds from cities, counties, school districts, or other districts in the state. Moreover, these bonds can serve as security for certain obligations or when public money needs to be deposited, similar to other local government bonds. This law adds to existing legal investment laws and represents the most up-to-date stance of the Legislature on this topic.

This law states that if anyone wants to challenge the approval of a retail transactions and use tax ordinance or the issuance of bonds related to it, they must start their legal challenge within six months of the election approving the ordinance. If no challenge is made within this timeframe, then the ordinance and bonds are considered completely legal and cannot be contested.