Power to Issue Revenue Bonds

Cal. GOV § 6546.12

California Statutes

In any county with a population determined by the last official census of 4,000,000 or more, any agency, commission, or board provided for by joint powers agreement entered into by cities pursuant to

Article 1 (commencing with

Section 6500) for the purpose of the acquisition of land, design, engineering, construction, operation, maintenance, improvement, and administration of an intermodal container transfer facility, may carry out that purpose and may authorize the issuance of revenue bonds, pursuant to this article, to pay for acquiring the land, designing, engineering, constructing, and improving that project, including all facilities, improvements, and all expenses incidental thereto or connected therewith. The power to issue revenue bonds under this

section shall be of no further force and effect after December 31, 1995, unless (1) the entity has initially issued revenue bonds on or prior to December 31, 1995, or (2) the entity is unable to initially issue revenue bonds to accomplish the purpose of this

section by reason of litigation relating to the initial issuance, in which case the power to initially issue revenue bonds under this

section shall continue to be effective until the final determination of that litigation and for one year thereafter. If the entity has initially issued revenue bonds within either of the time periods permitted by the prior sentence of this paragraph, the power to issue subsequent issues of revenue bonds under this

section shall continue so long as this

section shall be in effect.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 6546.12
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV6546.12.198419333

Power to Issue Revenue Bonds

Cal. GOV § 6546.12

California Statutes

Power to Issue Revenue Bonds

Cal. GOV § 6546.12

California Statutes

In any county with a population determined by the last official census of 4,000,000 or more, any agency, commission, or board provided for by joint powers agreement entered into by cities pursuant to

Article 1 (commencing with

Section 6500) for the purpose of the acquisition of land, design, engineering, construction, operation, maintenance, improvement, and administration of an intermodal container transfer facility, may carry out that purpose and may authorize the issuance of revenue bonds, pursuant to this article, to pay for acquiring the land, designing, engineering, constructing, and improving that project, including all facilities, improvements, and all expenses incidental thereto or connected therewith. The power to issue revenue bonds under this

section shall be of no further force and effect after December 31, 1995, unless (1) the entity has initially issued revenue bonds on or prior to December 31, 1995, or (2) the entity is unable to initially issue revenue bonds to accomplish the purpose of this

section by reason of litigation relating to the initial issuance, in which case the power to initially issue revenue bonds under this

section shall continue to be effective until the final determination of that litigation and for one year thereafter. If the entity has initially issued revenue bonds within either of the time periods permitted by the prior sentence of this paragraph, the power to issue subsequent issues of revenue bonds under this

section shall continue so long as this

section shall be in effect.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 6546.12
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV6546.12.198419333