As an alternate to any other method of financing available to it, a district may, by resolution or indenture, create a special indebtedness evidenced by revenue bonds to finance the costs of carrying out a plan for any works, singly or as a whole.
Bonds and Refunding BondsRevenue Bonds
Section § 52400
This law allows a district to raise funds for projects by issuing revenue bonds. These bonds are a form of debt and are used to pay for specific projects or plans the district wants to implement. This option serves as an alternative to other financing methods.
district financing revenue bonds special indebtedness
Section § 52401
This law explains that when a district wants to issue revenue bonds, the process should follow the guidelines set by the Revenue Bond Law of 1941. This includes the district's powers, duties, and the rights of bondholders. However, if a majority of the district's voters support the bond issuance, there doesn't need to be an election or a referendum to approve it.
The proceedings for the issuance of revenue bonds shall be had, the district 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), Part 1, Division 2, Title 5 of the Government Code); provided, however, that when such proceedings are requested by the affirmative action of a majority or more of the voters in the district, no election shall be had, nor shall such action be subject to referendum.
revenue bonds bond issuance district voters
Section § 52402
This law allows a district to set and adjust charges for using or having access to its services, properties, and facilities. These charges can include minimum fees or standby fees. If the district wants to introduce new charges, increase existing ones, or expand assessments, they must follow specific procedures like giving public notice, allowing protests, and holding a hearing as described in another section of the Government Code.
A district may, by resolution or indenture, prescribe and revise charges for the services of its properties, works, and facilities, singly or as a whole, or for the providing of such properties, works, or facilities, or for their availability, including minimum and standby charges. If new, increased, or extended assessments are proposed, the district shall comply with the notice, protest, and hearing procedures in Section 53753 of the Government Code.
district service charges facility fees minimum charges
