Local Bond Pooling

Cal. GOV § 6586.7

California Statutes

(

a) A copy of the resolution adopted by an authority authorizing bonds or any issuance of bonds, or accepting the benefit of any bonds or proceeds of bonds, except bonds issued or authorized pursuant to

Article 1 (commencing with

Section 6500), or bonds issued for the purposes specified in subdivision (

c) of

Section 6586.5, shall be sent by certified mail to the Attorney General and the California Debt and Investment Advisory Commission not later than five days after adoption by the authority. (

b) This

section does not apply to bonds:

(1) Specified in subdivision (

c) of

Section 6586.5.

(2) Issued pursuant to the Community Redevelopment Law (Part 1 (commencing with

Section 33000) of Division of the Health and Safety Code).

(3) To finance transportation facilities and vehicles.

(4) To finance a facility that is located within the boundaries of an authority, provided that the authority that issues those bonds consists of any of the following: (

A) Local agencies with overlapping boundaries. (

B) A county and a local agency or local agencies located entirely within that county. (

C) A city and a local agency or local agencies located entirely within that city.

(5) To finance a facility for which an authority has received an allocation from the California Debt Limit Allocation Committee.

(6) Of an authority that consists of no less than local agencies and the agreement that established that authority requires the governing body of the local agency that is a member of the authority in whose jurisdiction the facility will be located to approve the facility and the issuance of the bonds.

(7) Issued pursuant to

Section 6588.8.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 6586.7
Date2018-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV6586.7.20174304

Local Bond Pooling

Cal. GOV § 6586.7

California Statutes

Local Bond Pooling

Cal. GOV § 6586.7

California Statutes

(

a) A copy of the resolution adopted by an authority authorizing bonds or any issuance of bonds, or accepting the benefit of any bonds or proceeds of bonds, except bonds issued or authorized pursuant to

Article 1 (commencing with

Section 6500), or bonds issued for the purposes specified in subdivision (

c) of

Section 6586.5, shall be sent by certified mail to the Attorney General and the California Debt and Investment Advisory Commission not later than five days after adoption by the authority. (

b) This

section does not apply to bonds:

(1) Specified in subdivision (

c) of

Section 6586.5.

(2) Issued pursuant to the Community Redevelopment Law (Part 1 (commencing with

Section 33000) of Division of the Health and Safety Code).

(3) To finance transportation facilities and vehicles.

(4) To finance a facility that is located within the boundaries of an authority, provided that the authority that issues those bonds consists of any of the following: (

A) Local agencies with overlapping boundaries. (

B) A county and a local agency or local agencies located entirely within that county. (

C) A city and a local agency or local agencies located entirely within that city.

(5) To finance a facility for which an authority has received an allocation from the California Debt Limit Allocation Committee.

(6) Of an authority that consists of no less than local agencies and the agreement that established that authority requires the governing body of the local agency that is a member of the authority in whose jurisdiction the facility will be located to approve the facility and the issuance of the bonds.

(7) Issued pursuant to

Section 6588.8.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 6586.7
Date2018-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV6586.7.20174304