§ 53397.71. — 53397.71. (Amended by Stats. 2012, Ch. 785, Sec. 3.)

California § 53397.71.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 2.
• Title 5.: DIVISION 2. CITIES, COUNTIES, AND OTHER AGENCIES
• Part 1.: PART 1. POWERS AND DUTIES COMMON TO CITIES, COUNTIES, AND OTHER AGENCIES
• Ch. 2.8.: CHAPTER 2.8. Infrastructure Financing Districts
• Art. 4.: ARTICLE 4. Tax Increment Bonds

Text

Notwithstanding the provisions of this article, all of the following shall apply to the issuance of bonds by a waterfront district established pursuant to Section 53395.8:
(a)
The legislative body may, by resolution, authorize the issuance of bonds without holding an election of the voters residing in the waterfront district.
(b)
The legislative body may undertake the proceedings and actions described in this article with respect to the district as a whole, or separately with respect to one or more project areas. If the legislative body undertakes the proceedings for the district as a whole, it may thereafter, by resolution, allocate the
principal amount of the authorized bond issuance to one or more project areas within the district.
(c)
The legislative body may increase the principal amount of bonds that may be issued for a district or a project area within a district by undertaking the proceedings in this article, with respect to that increased amount.
(d)
The bonds of a waterfront district may be sold at a negotiated sale subject to the notice requirements of Section 53397.10.

Legislative History

Amended by Stats. 2012, Ch. 785, Sec. 3. (AB 2259) Effective January 1, 2013.