This law allows a county to impose a sales tax on purchases both in cities and rural areas, but only if two-thirds of voters approve it in an election called by the county's board of supervisors. This election can happen in November 2002 or any later general election. If passed, the tax can last up to 30 years but might end sooner if certain conditions are met, as detailed in other sections.

This section explains that when an authority wants to impose a retail transactions and use tax, they need to clearly state what the tax is for, how much it will be, how the collected money will be used, and how long the tax will last. The tax can be imposed for up to 30 years.

This law section states that a county must hold an election to implement specific measures initiated by the board of supervisors, in line with Section 142250. The cost of conducting this election will be reimbursed to the county by an authority. The election should be organized and run according to the same legal procedures that a county uses for its general elections.

This law says that any tax ordinance for retail transactions and use adopted based on this chapter will take effect on the first day of the calendar quarter that starts more than 120 days after the ordinance is adopted.

This section allows the revenues collected from specific retail taxes to be used by an authority for various transportation-related purposes. These include administering transportation projects, legal actions, planning, environmental reviews, designing, constructing, and repairing transportation infrastructure.

This law requires a transportation planning agency to create a plan detailing how to spend the money collected from a transportation tax, along with other federal, state, and local funds, for transportation improvements during the tax period.

This section of the law explains the process required for adopting a county transportation expenditure plan. The plan needs the approval of both the county's board of supervisors and the city councils. Importantly, these councils must represent more than half of the cities in the county and a major part of the population in those cities. Additionally, the plan must be adopted before any election related to it can be called, as mentioned in the referenced section.

This law outlines how funds from a retail transactions and use tax will be divided among cities and the county for local transportation projects. It specifies that each city and the county will receive funds based on a set amount and formula, prioritizing projects identified by local governments. Importantly, the population considered is that of the unincorporated county area.

Before receiving funds, local governments must certify they won't replace existing transportation funding, specifically from property taxes or general funds, with these new funds. They also need to keep separate records of these new allocations and comply with reporting requirements set by the authority.

This law explains that a transportation planning agency can update its plan for spending money on transportation improvements, except where another section says otherwise. Every two years, the agency needs to review the current plan and see if changes are needed. They’ll ask for suggestions from the Department of Transportation, cities, and the county, and then decide which projects to include.

Once they evaluate these suggestions, they will create an updated spending plan for the expected tax revenue and other funds for transportation improvements. The first five years of this updated plan are to be included in the agency's annual report to the California Transportation Commission.

The updated plan must also predict other funding from federal, state, and local sources. Finally, the agency has to hold public hearings to discuss the new spending plan before it is finalized.

This law section explains that changes to a transportation spending plan can be made to use extra funds, include unexpected money, or address unforeseen events. However, the changes must prioritize projects already in the plan. No project can be delayed or removed without a public hearing and a documented explanation of why the changes are needed due to conditions beyond the agency's control.

This section explains that a specific authority can either approve or amend an updated expenditure plan, given they do it with a majority vote of its members. If they want to amend the plan, they have to follow some rules. First, they must prioritize projects from the original plan and hold a public hearing if any changes affect those projects. Second, they must inform local government bodies about the proposed changes. Third, the county board of supervisors and most cities, representing most of the population in the incorporated area, must approve the amendments. Once these processes are done, the amendments take effect immediately.

This law requires that if a retail transactions and use tax is adopted, a report must be prepared and submitted by the relevant authority to several key public entities. These entities include the Department of Transportation, the county's board of supervisors, the city councils in the county, and the transportation planning agency. The report is due by January 1 each year and should detail the progress made in implementing the expenditure plan from the previous fiscal year.

This section allows a governing authority to propose a retail transactions and use tax up to 0.5%, but it must be approved by the voters first.

When a board of supervisors wants to impose a retail transactions and use tax, they must include a proposition on the ballot asking voters to approve the use of bonds that will be paid off using the proceeds from the tax. The amount of debt allowed is limited to the total projected tax earnings over a maximum of 30 years. The ballot must clearly state the type of tax, the rate, how long it will last, and the specific purposes for the tax revenue. Additionally, voters must receive a sample ballot and voter information handbook that contains all details and plans about the tax and its revenue allocation.

This law allows for the issuance of bonds, known as 'limited tax bonds,' which are paid only from the proceeds of a retail transactions and use tax that voters have approved. The revenue from this tax primarily goes to paying off these bonds. However, if a resolution specifically states otherwise, some tax revenue may be used for immediate financing needs rather than just for bond repayments.

This law allows limited tax bonds to be issued if a majority of the authority's members approve it. They can decide how many bonds to issue until the total amount they are allowed is reached. These bonds can be split into multiple groups, each with its own payment schedule. The bonds don't have to be paid back exactly a year after they're issued.

This section explains what needs to be included in a resolution when a governmental body decides to issue limited tax bonds. It must state the purpose of the debt, the estimated costs, the principal amount, the bond's maturity term, the interest rate, and the bond denominations. These bonds can come in various forms like registered or coupon bonds. The resolution might also include additional details allowed by law.

This law section states that bonds can have an interest rate, but it must not go above the legal limit. The interest is usually paid twice a year, but for the first interest payment, it can cover up to one year based on the authority's decision.

This law allows the authority to decide if bonds can be paid off early, which means called or redeemed before their due date. The terms for how and when this can happen must be clearly stated. For a bond to be eligible for early pay-off, it needs to specifically say so on the bond itself or in a statement printed on it.

This law states that any money owed from bonds, including both the main amount and interest, must be paid in U.S. money. The payments can be made at the county's auditor-controller-treasurer office or other locations chosen by the authority.

This law covers the requirements for signing and dating bonds issued by a specific authority. Each bond must have a date, a number, and be signed by the authority's chairperson or vice-chairperson and the county's auditor-controller-treasurer. The authority's official seal should also be attached to the bond.

If the bonds have interest coupons, these must be signed by the county's auditor-controller-treasurer. Most signatures and seals can be reproduced mechanically, but at least one signature on each bond must be done by hand. If an officer who signed the bond or coupons leaves their position before the bond is delivered, their signature remains valid.

This law states that the authority has the power to decide how bonds will be sold, based on a resolution they pass. They can choose to sell the bonds for less than their face value, either through negotiation or a public sale.

This law section states that bonds can be delivered from any location, whether inside or outside California. The payment for these bonds can be made in either cash or through bank credits.

This law section explains how money from bond sales should be handled. Interest and premiums from the sale of bonds must be used to pay back the bonds. The leftover money goes to the authority's treasury to help secure the bonds or achieve the original debt purpose. Once that purpose is finished, any leftover funds should either be used to pay back more of the bond debt or to buy back and cancel existing bonds from the market.

This law lets an authority issue, sell, or exchange bonds, including special bonds called refunding bonds, to pay off or replace existing bonds. Refunding bonds can cover the original bond's amount, any call and redemption premiums, and refunding expenses. These bonds can also cover interest costs from either the new refunding bonds or the original bonds until they're paid off. The same rules that apply to selling regular bonds also apply to selling these refunding bonds.

This law allows the authority to borrow money by issuing bond anticipation notes before they actually sell authorized bonds. These notes can be renewed, but can't last more than five years from their original issue date. The notes and any interest can be paid using available funds, including tax revenue, or from the proceeds of future bond sales.

The notes cannot exceed the total amount of authorized bond sales, minus any already sold or outstanding notes. They must be issued and sold just like the bonds, and may include similar terms and conditions as those governing the bonds themselves.

This law states that bonds issued under this specific chapter are considered legal and secure investments for a variety of funds, including trust funds, insurance companies, banks, and state school funds. It allows these bonds to be invested in just like the bonds of cities, counties, and other districts within the state. Additionally, these bonds can be used as security for public transactions and various financial guarantees. This law is an update and takes precedence over previous investment laws.

This law means that if anyone wants to challenge or question the legality of a retail transactions and use tax ordinance, or any bonds related to it, they need to do so within six months of the ordinance being approved in an election. After that period, the ordinance and bonds are considered completely legal and cannot be disputed.