Government Code — Part 55 | GOV — United States — California law | Esheria

Government Code

Part 55 of 107 · provisions 10,801–11,000

This act is named the Government Code.

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About this statute

This section defines key terms used in the CalSavers retirement savings title. This section creates the CalSavers Retirement Savings Board and sets rules for how the board, program administrator, and staff must operate. This section creates the CalSavers Retirement Savings Trust, assigns the board to administer it, requires the board to split trust money into a program fund and an administrative fund, and gives the Treasurer and the board investment-related powers. It also caps administrative fund spending at 1% of the total program fund after six years from implementation and exempts certain securities from specified Corporations Code sections. The CalSavers Retirement Savings Program must include one or more payroll deduction IRA arrangements, as determined by the board. The board has broad authority over the trust, including contracts, investments, staff, insurance, cooperation, and rulemaking.

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Provisions of Government Code

Showing 200 of 21,333

  1. 43100.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Alternative Methods [43090 - 43101] ( Heading of Article 2 renumbered from Article 4 by Stats. 1955, Ch. 624. )

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    When collected, the net amount must be paid to the city treasurer.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Alternative Methods [43090 - 43101] ( Heading of Article 2 renumbered from Article 4 by Stats. 1955, Ch. 624. ) ## 43100. When collected, the net amount shall be paid to the treasurer of the city to which it belongs, under the general requirements and penalties provided by law for the settlement of other taxes. (Added by Stats. 1949, Ch. 79.)
  2. 43101.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Alternative Methods [43090 - 43101] ( Heading of Article 2 renumbered from Article 4 by Stats. 1955, Ch. 624. )

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    The board of supervisors may deduct certain city tax collection expenses and transfer the amount to the county salary fund if the county auditor and county tax collector file itemized statements and the board acts by recorded order.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Alternative Methods [43090 - 43101] ( Heading of Article 2 renumbered from Article 4 by Stats. 1955, Ch. 624. ) ## 43101. On the filing of itemized statements by the county auditor and county tax collector showing the additional expense to their offices of assessing and collecting city taxes, by an order spread upon its minutes, the board of supervisors may deduct such expenses from the taxes of each city while in the hands of the county tax collector and order the amount transferred to the county salary fund. (Added by Stats. 1949, Ch. 79.)
  3. 43120.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Fiscal Year in Chartered Cities [43120 - 43122] ( Heading of Article 3 renumbered from Article 5 by Stats. 1955, Ch. 624. )

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    A charter city’s legislative body may pass an ordinance, by majority vote of all members, to change the city’s fiscal year start date to a time different from the charter’s default.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Fiscal Year in Chartered Cities [43120 - 43122] ( Heading of Article 3 renumbered from Article 5 by Stats. 1955, Ch. 624. ) ## 43120. The legislative body of any city operating under a charter framed pursuant to Section 8, Article XI of the Constitution may adopt an ordinance by a majority of all its members, changing the fiscal year of the city to begin at a time other than that fixed by the charter. (Added by Stats. 1949, Ch. 79.)
  4. 43122.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Fiscal Year in Chartered Cities [43120 - 43122] ( Heading of Article 3 renumbered from Article 5 by Stats. 1955, Ch. 624. )

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    The legislative body may set and change key city tax timing by ordinance.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 1. Property Tax Assessment, Levy,and Collection [43000 - 43122] ( Chapter 1 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Fiscal Year in Chartered Cities [43120 - 43122] ( Heading of Article 3 renumbered from Article 5 by Stats. 1955, Ch. 624. ) ## 43122. By ordinance passed in the same manner, the legislative body may fix the time for making the annual tax levy, and the time at which the tax lien attaches. It may change the times designated in the charter for making the assessment, demanding statements of property, preparing the assessment roll, equalizing the assessment, and for all other matters relating to the assessment and collection of city taxes. (Added by Stats. 1949, Ch. 79.)
  5. 432.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

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    The U.S. and California flags must be prominently displayed during games and performances at specified open-air venues and at race tracks while racing is being conducted.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 432. The Flag of the United States and the Flag of the State shall be prominently displayed during any and all games and performances of every kind which take place in a coliseum, stadium, bowl, or other open air sites, and at all race tracks where racing is being conducted. (Added by Stats. 1953, Ch. 170.)
  6. 43240.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 2. Special Taxes [43240- 43240.] ( Chapter 2 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Chartered City Special Assessment Procedure [43240- 43240.] ( Article 3 added by Stats. 1963, Ch. 1376. )

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    A chartered city may include supplemental remedy provisions in a special assessment improvement procedure ordinance adopted under its charter.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 2. Special Taxes [43240- 43240.] ( Chapter 2 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Chartered City Special Assessment Procedure [43240- 43240.] ( Article 3 added by Stats. 1963, Ch. 1376. ) ## 43240. A chartered city may provide, in a special assessment improvement procedure ordinance adopted pursuant to its charter, for the application of the supplemental remedy provisions of Part 13 (commencing with Section 8800) of Division 10 of the Streets and Highways Code. (Added by Stats. 1963, Ch. 1376.)
  7. 433.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

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    Certain processions and parades must carry the National and State Flags at the head.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 433. The National and State Flags shall be carried at the head of any procession or parade of: (a) The National Guard. (b) The California State Guard. (c) Any other state military organization. (d) Sheriff’s posse. (e) City police or fire department. (Added by Stats. 1953, Ch. 170.)
  8. 4330.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. )

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    This article defines “supplies” to include goods, wares, merchandise, and manufactures.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. ) ## 4330. As used in this article, “supplies” includes goods, wares, merchandise, and manufactures. (Amended by Stats. 2017, Ch. 785, Sec. 3. (AB 822) Effective January 1, 2018.)
  9. 4331.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. )

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    When government purchasers buy supplies for the state, a county, or a city, and price, fitness, and quality are equal, they must prefer supplies made or produced in California, then supplies partially made or produced in California.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. ) ## 4331. Price, fitness, and quality being equal, any body, officer, or other person charged with the purchase, or permitted or authorized to purchase supplies for the use of the state, or of any of its institutions or offices, or for the use of any county or city shall always prefer supplies manufactured or produced in the state, and shall next prefer supplies partially manufactured or produced in the state. (Amended by Stats. 2017, Ch. 785, Sec. 4. (AB 822) Effective January 1, 2018.)
  10. 4332.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. )

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    People who advertise for supplies must say in the advertisement that California-made supplies will be preferred.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. ) ## 4332. All State, county, or city officers, all bodies, and other persons charged with advertising for supplies shall state in their advertisement that such preferences for California-made supplies will be made. (Enacted by Stats. 1943, Ch. 134.)
  11. 4333.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. )

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    An advertisement for supplies must not require a specific brand, mark, patent apparatus, or patent appliances if that would stop fair competition from equally valuable, useful, or meritorious alternatives.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. ) ## 4333. In any advertisement for supplies no bid shall be asked for any article of a specific brand or mark nor any patent apparatus or appliances, when such requirement would prevent proper competition on the part of dealers in other articles of equal value, utility, or merit. (Enacted by Stats. 1943, Ch. 134.)
  12. 4334.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. )

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    Public officers and bodies may prefer in-state manufacturers for public works contracts and supply purchases if the price difference is no more than 5% and the work is mostly done in the state, and if they believe the public good will be served.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 2. California-Made Materials [4330 - 4334] ( Article 2 enacted by Stats. 1943, Ch. 134. ) ## 4334. Public officers and bodies charged with the letting of contracts for public work, with the construction of public bridges, buildings and other structures, or with the purchase of supplies for any public use may give such contracts and purchase such supplies from persons manufacturing in the State the supplies to be used pursuant to contract or the supplies to be purchased if: (a) The bids of such persons, or the prices quoted by them, do not exceed by more than 5 per cent the lowest bids or prices quoted by persons manufacturing the supplies outside the State. (b) The major portion of the work of manufacturing the supplies is not done outside the State. (c) In the opinion of the public officers or bodies, the public good will be served thereby. (Enacted by Stats. 1943, Ch. 134.)
  13. 434.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

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    If displaying the U.S. flag and the State flag is required at a publicly owned place, the public officials responsible for furnishing the place must arrange to get the flags, install them, display them, and maintain them.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 434. Where the installation or display of the Flag of the United States and the Flag of the State in a place publicly owned, whether by the State, a county, or a municipality, is prescribed, public officials charged with furnishing the place shall provide for the acquisition of the flags and their installation, display, and maintenance pursuant to this chapter. (Added by Stats. 1953, Ch. 170.)
  14. 434.5.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

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    This section bars certain public and private actors from stopping the display of a U.S. flag on private property, and bars local government agencies from restricting employees’ flag display, subject to narrow time, place, and manner exceptions.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 434.5. (a) As used in this section, the following terms have the following meaning: (1) “Legal right” means the freedom of use and enjoyment generally exercised by owners and occupiers of land. (2) “Local government agency” means a county, city, whether general law or chartered, city and county, town, municipal corporation, school district or other district, political subdivision, or any board, commission, or agency thereof, or other local agency. (b) (1) No person, private entity, or governmental agency shall adopt any rule, regulation, or ordinance, or enter into any agreement or covenant, that prevents any person or private entity that would otherwise have the legal right to display a Flag of the United States on private property from exercising that right, unless it is used as, or in conjunction with, an advertising display. (2) Nothing in this subdivision shall be construed to prevent a city, county, or city and county from imposing reasonable restrictions as to the time, place, and manner of placement or display of a Flag of the United States when necessary for the preservation of the public’s health, safety, or order. (c) (1) A local government agency may not adopt any policy or regulation that prohibits or restricts an employee of that agency from displaying a Flag of the United States, or a pin of that flag, on his or her person, in his or her workplace, or on a local government agency vehicle operated by that employee. (2) Nothing in this subdivision shall be construed to prevent a local government agency from imposing reasonable restrictions as to the time, place, and manner of placement or display of a Flag of the United States when necessary for the preservation of the order or discipline of the workplace. (d) No restrictions solely to promote aesthetic considerations shall be imposed pursuant to paragraph (2) of subdivision (b) or paragraph (2) of subdivision (c). (Amended by Stats. 2002, Ch. 73, Sec. 1. Effective January 1, 2003.)
  15. 434.7.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

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    State and local government agencies must buy U.S. or California flags made in the United States.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 434.7. (a) On and after January 1, 2017, any Flag of the United States or the Flag of the State of California purchased by the state or any local government agency shall be made in the United States. (b) For purposes of this section, the term “local government agency” means a county, city, city and county, town, municipal corporation, school district or other district, political subdivision, or any board, commission, or agency thereof, or other local agency. (Added by Stats. 2016, Ch. 717, Sec. 1. (SB 1012) Effective January 1, 2017.)
  16. 43400.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43400 - 43401] ( Article 1 added by Stats. 1949, Ch. 79. )

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    Money received from licenses, street poll taxes, fines, penalties, and forfeitures must be paid into the general fund.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43400 - 43401] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43400. All money received from licenses, street poll taxes, fines, penalties, and forfeitures shall be paid into the general fund. (Added by Stats. 1949, Ch. 79.)
  17. 43401.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43400 - 43401] ( Article 1 added by Stats. 1949, Ch. 79. )

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    Money received from sales and use taxes must be paid into the General Fund or into special funds created by ordinance.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43400 - 43401] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43401. All moneys received from sales and use taxes shall be paid into the General Fund, or into such special fund or funds for such purpose or purposes as shall be established by ordinance. (Added by Stats. 1959, Ch. 767.)
  18. 43420.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

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    A city legislative body may create one or more revolving funds by ordinance or resolution for certain street-work related purposes.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43420. By ordinance or resolution, the city legislative body may create one or more revolving funds in connection with proceedings had under any general law for the following purposes: (a) The establishing, laying out, opening, widening, extending, straightening, constructing, improving, or altering of streets, highways, boulevards, and public ways. (b) The establishing, modifying or changing the grade thereof. (c) The construction of the necessary pavements, curbs, sidewalks, culverts, bridges, tunnels, viaducts, and other structures, including the acquisition of lands, rights of way, or other property necessary for such purposes. (Added by Stats. 1949, Ch. 79.)
  19. 43421.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

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    A revolving fund may be created and used for a work or improvement when its cost is to be paid by special assessment or from a general or special city fund.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43421. The revolving fund may be created and used when the cost of the work or improvement is to be paid for: (a) By special assessment. (b) Out of any general or special city fund. (Added by Stats. 1949, Ch. 79.)
  20. 43422.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may, by resolution, transfer money from certain funds into the street work revolving fund.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43422. By resolution, the legislative body may order money from any of the following funds transferred to and deposited in the revolving fund: (a) The general fund. (b) The permanent improvement fund. (c) The general street improvement fund. (d) Any fund received from the county or State to be expended in laying out, constructing, or otherwise improving or maintaining any street or other public way, or to be expended in acquiring lands or rights of way therefor. (e) The proceeds of any municipal bonds, issued before or after the creation of the revolving fund, which may lawfully be appropriated to and expended for any of the purposes enumerated in this article. (f) Any other fund which may lawfully be appropriated to any such purposes. (Added by Stats. 1949, Ch. 79.)
  21. 43423.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may use money from the revolving fund for necessary appropriations and expenditures for listed purposes and incidental expenses.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43423. The legislative body may appropriate any sums deemed necessary out of any such revolving fund and expend the money for any of the purposes enumerated and incidental expenses. (Added by Stats. 1949, Ch. 79.)
  22. 43424.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The revolving fund may advance money as a deposit in certain eminent domain proceedings for property needed for street or public-way work.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43424. It may advance money from the revolving fund as a deposit pursuant to Article 1 (commencing with Section 1255.010) of Chapter 6 of, or Article 2 (commencing with Section 1268.110) of Chapter 11 of, Title 7 of Part 3 of the Code of Civil Procedure in any eminent domain proceeding to acquire any property necessary in establishing, laying out, opening, widening, extending, or straightening any street or other public way. (Amended by Stats. 1975, Ch. 1240.)
  23. 43425.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A revolving fund may be used to appropriate money and to buy certain improvement bonds or warrants, but only at prices not above face value.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43425. It may appropriate money out of any such revolving fund and, at prices not exceeding their face value, purchase improvement bonds or warrants representing special assessments for public improvements within the city and issued under general law. (Added by Stats. 1949, Ch. 79.)
  24. 43426.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Payments of principal and interest on the bonds or warrants may be collected and deposited into the revolving fund.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43426. It may collect payments of principal and interest upon such bonds or warrants and deposit them in the revolving fund. (Added by Stats. 1949, Ch. 79.)
  25. 43427.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may order the revolving fund reimbursed, in whole or in part, if specified conditions are met.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43427. The legislative body may order the revolving fund reimbursed, in whole or in part, when the following conditions exist: (a) It has appropriated and expended or advanced any sum out of the fund to pay or to secure the payment of the cost of improvement of a street or other public way pursuant to this article, or the cost of acquiring land, rights of way, or other property necessary for such purposes. (b) The cost, either in whole or in part, of the improvement is a lien assessed upon property abutting upon the improvement according to frontage or benefits, or upon property in districts according to benefits, and assessments are levied and collected for the cost. (Added by Stats. 1949, Ch. 79.)
  26. 43428.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This section allows the revolving fund to be reimbursed in whole or in part from collected assessments or from certain bond proceeds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43428. It may order that the revolving fund be reimbursed, either in whole or in part: (a) By the deposit of the whole or any part of such assessments when collected. (b) From the proceeds of any bonds of the district benefited, or from the proceeds of any bonds representing such assessments issued pursuant to law. (Added by Stats. 1949, Ch. 79.)
  27. 43429.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Reimbursement from the revolving fund cannot be more than the amount previously paid out or advanced for the improvement.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43429. The amount of the reimbursement shall not exceed the amount paid out of or advanced from the revolving fund for the improvement. (Added by Stats. 1949, Ch. 79.)
  28. 43430.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may reimburse the revolving fund by appropriating and depositing money from the funds listed in Section 43422.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43430. The legislative body may reimburse the revolving fund, in whole or in part, by appropriating to, and depositing in, the fund money from any of the funds enumerated in Section 43422. (Added by Stats. 1949, Ch. 79.)
  29. 43431.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may reduce or discontinue the revolving fund at any time.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 2. Street Work Revolving Fund [43420 - 43431] ( Article 2 added by Stats. 1949, Ch. 79. ) ## 43431. At any time the legislative body may reduce or discontinue the revolving fund. Upon such reduction or discontinuance, it shall transfer the money in the revolving fund to the funds from which it was derived, or may expend the money for any of the purposes of this article. (Added by Stats. 1949, Ch. 79.)
  30. 43450.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A qualifying city may borrow money for harbor-related improvements and works.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43450. Pursuant to this article, any city whose corporate limits include or front upon any harbor, bay or estuary, or other navigable water, whether the tidelands or waterfront is owned or controlled by it or by the State, either in whole or in part, may incur an indebtedness for: (a) The improvement, repair, and maintenance of its harbor. (b) The erection of wharves, piers, seawall, state or municipal railroad and spurs along the harbor. (c) Betterments, appurtenances, and dredging and filling necessary in connection with the harbor. (Added by Stats. 1949, Ch. 79.)
  31. 43451.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The city may create one or more funds to pay the indebtedness and may finance those funds by taxes, bonds, or both.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43451. The city may create one or more funds for the payment of such indebtedness. Whether the funds are under the management and control of a state board of harbor commissioners or the management and control of the city, or any of its officers, boards or departments, pursuant to statute or charter of the city, the city may provide money for such funds by either or both of the following methods: (a) The levy and collection of taxes. (b) The issuance and sale of bonds. (Added by Stats. 1949, Ch. 79.)
  32. 43452.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The city may issue and sell bonds to fund the redemption, cancellation, and retirement of state bonds used for harbor improvements or construction.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43452. The city may also issue and sell its bonds to provide a fund for the redemption, cancellation, and retirement of state bonds issued and sold to provide a fund for any improvement or construction in its harbor. (Added by Stats. 1949, Ch. 79.)
  33. 43453.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Rules about other city bonds and related bond-election procedures apply equally to the bonds authorized by this article.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43453. All provisions of law, or of the charter of the city, relative to the issuance and sale of other city bonds and the mode and manner of calling, holding, and canvassing an election authorizing the issuance and sale of such bonds, apply equally to the issue and sale of the bonds authorized by this article and to the mode and manner of calling, holding, and canvassing an election with reference to such bonds. (Added by Stats. 1949, Ch. 79.)
  34. 43454.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may turn over funds to the State Board of Harbor Commissioners when harbor or tidelands management is vested in that board, and the board must use those funds for city-designated improvement, repair, maintenance, and construction work.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43454. Where by law or charter of the city the management, control, and improvement of the harbor or tidelands is vested in whole or in part in a state board of harbor commissioners, the city may turn over to the State Board of Harbor Commissioners any funds which it provides. Such funds shall be used, managed, and controlled by the State Board of Harbor Commissioners for such work of improvement, repair, maintenance, and construction as the city lawfully designates. (Added by Stats. 1949, Ch. 79.)
  35. 43455.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may transfer money from a fund for state bond redemption, cancellation, or retirement to the State Treasurer, who must place it in the proper sinking fund and use it for those bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 3. Funds [43400 - 43455] ( Chapter 3 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Harbor Improvement Fund [43450 - 43455] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43455. When any city provides any fund for the redemption, cancellation, or retirement of any state bonds pursuant to this article, the city through its appropriate officers may transfer the money in the fund to the State Treasurer. Upon its receipt the State Treasurer shall place the money in the appropriate sinking fund and apply it to the redemption, cancellation, and retirement of such state bonds. (Added by Stats. 1949, Ch. 79.)
  36. 435.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

    Verify source ↗

    A city or county may not adopt an official flag that is so similar to another city or county’s official flag that it could deceive or mislead people about which city or county it belongs to.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 435. Where a city or county has adopted an official flag, it is unlawful for any other city or county to adopt an official flag so similar that it might deceive or mislead anyone as to the city or county to which it belongs. (Added by Stats. 1953, Ch. 170.)
  37. 436.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

    Verify source ↗

    When the National and State Flags are used together, they must be the same size; if only one flagpole is used, the National Flag must be above the State Flag and in the position of first honor.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 436. Where the National and State Flags are used, they shall be of the same size. If only one flagpole is used, the National Flag shall be above the State Flag and the State Flag shall be hung in such manner as not to interfere with any part of the National Flag. At all times the National Flag shall be placed in the position of first honor. (Added by Stats. 1953, Ch. 170.)
  38. 4360.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 3. Services and Supplies of Agricultural Aircraft Operators [4360 - 4361] ( Article 3 added by Stats. 1955, Ch. 1107. )

    Verify source ↗

    This section defines “agricultural aircraft operator,” “services,” and “supplies” for this article.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 3. Services and Supplies of Agricultural Aircraft Operators [4360 - 4361] ( Article 3 added by Stats. 1955, Ch. 1107. ) ## 4360. As used in this article (a) “Agricultural aircraft operator” means any person who applies, from an aircraft, chemicals, seeds, or fertilizers. (b) “Services” means the application, from an aircraft, of chemicals, seeds, or fertilizers. (c) “Supplies” means supplies used by an agricultural aircraft operator in performing services. (Added by Stats. 1955, Ch. 1107.)
  39. 43600.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This section defines “an issue of bonds” as the total principal amount of bonds authorized by a proposal approved by the city electors under this article.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43600. As used in this article, “an issue of bonds” means the aggregate principal amount of all bonds authorized by a proposal approved by the city electors pursuant to this article. (Added by Stats. 1949, Ch. 79.)
  40. 43601.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This section defines “municipal improvement” for this article.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43601. As used in this article, “municipal improvement” includes bridges, waterworks, water rights, sewers, light and power works or plants, buildings for municipal uses, wharves, breakwaters, jetties, seawalls, schoolhouses, fire apparatus, street work, and other works, property, or structures necessary or convenient to carry out the objects, purposes, and powers of the city. “Municipal improvement” also includes the acquisition of real property for a civic center site or for any public use or uses, whether or not the improvement of said real property is part of the purposes for which the bonds are to be issued and whether or not funds for the improvement of said real property are presently available from other sources. (Amended by Stats. 1958, 1st Ex. Sess., Ch. 47.)
  41. 43602.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may incur indebtedness for a municipal improvement when the project costs more than the amount allowed by the annual tax levy.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43602. Pursuant to this article, a city may incur indebtedness for any municipal improvement requiring an expenditure greater than the amount allowed for it by the annual tax levy. (Added by Stats. 1949, Ch. 79.)
  42. 43602.5.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Cities and city and county governments may issue bonds and make loans for seismic strengthening, but the loans must meet specific use, certification, lien, and repayment rules.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43602.5. (a) A city or a city and county may also incur indebtedness pursuant to this chapter for seismic strengthening of unreinforced buildings and other buildings. Proceeds of bonds authorized pursuant to this section may be used to make loans to public entities or owners of private buildings. Loans shall satisfy all of the following: (1) Any loan used to finance seismic strengthening of a residential structure containing units rented by households specified in Section 50079.5 of the Health and Safety Code before strengthening shall be subject to a regulatory agreement which will ensure that the number of those units in the structure will not be reduced and will remain available at affordable rents pursuant to Section 50053 of the Health and Safety Code as long as any portion of the loan is unpaid. (2) All seismic strengthening financed with any loan funded pursuant to this section shall be in accordance with a plan developed for the structure by a registered civil engineer or a licensed architect, or approved by a city or city and county building official, one of whom shall certify that the work funded is necessary for seismic safety reasons, or is otherwise legally required for completion of the work or occupancy of the building. In no event shall any loan funded pursuant to this section finance the destruction of any existing building or the construction of any new building. (3) Any amount received in payment of interest on or to repay principal on any loan made pursuant to this section shall be used to pay debt service on bonds authorized pursuant to this section, or shall be used to fund additional loans for seismic strengthening, except that the provisions of this paragraph shall not apply after the bonds, including any bonds issued to refund the bonds, are fully repaid. (4) Loans made pursuant to this section shall constitute liens in favor of the city or city and county when recorded by the county recorder of the county in which the real property is located. The lien shall contain the legal description of the real property, the assessor’s parcel number, and the name of the owner of record as shown on the latest equalized assessment roll. (5) The legislative body of the city or city and county may specify the interest rate, term, and other provisions of any loan made pursuant to this section. (6) A city or city and county may issue bonds and make loans pursuant to this section only if the city or city and county has completed an inventory of unreinforced masonry structures within its jurisdiction and has adopted a mitigation ordinance pursuant to Section 8875.2 or Section 19163 of the Health and Safety Code. The city or city and county shall establish criteria, terms, and conditions to identify eligible buildings. (b) The legislative body of the city or city and county is authorized to expend the proceeds of bonds authorized by this section to make loans pursuant to this section. The legislative body of a city or city and county shall declare in the bond proposition that loans made from bond proceeds pursuant to this section to owners of private buildings for seismic strengthening of unreinforced buildings or other buildings constitute a public purpose resulting in a public benefit. Loans made pursuant to this section shall not be construed to be gifts of public funds in violation of Section 6 of Article XVI of the California Constitution. (c) Work on qualified historical buildings or structures shall be done in accordance with the State Historical Building Code (Part 2.7 (commencing with Section 18950) of Division 13 of the Health and Safety Code). (d) The Legislature hereby declares that loans made from bond proceeds pursuant to this section to owners of private buildings for seismic strengthening of unreinforced buildings or other buildings constitute a public purpose resulting in a public benefit. (Amended by Stats. 1992, Ch. 18, Sec. 7. Effective March 26, 1992.)
  43. 43603.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If a city planning commission and the legislative body approve a group of municipal improvements as a city plan, the legislative body may submit one bond proposition for the whole group.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43603. When a city planning commission and the legislative body approve a group of municipal improvements as constituting a city plan, the legislative body may submit a single bond proposition covering the entire group of improvements. The provisions of Title 7 of this code shall not apply to the formulation and approval of a city plan under this section. (Amended by Stats. 1961, Ch. 701.)
  44. 43604.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city plan may include land and facilities for public and municipal uses.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43604. Such a city plan may include land for public use, public buildings including auditoriums and stadiums, parks, streets, transportation facilities and other municipal improvements. (Amended by Stats. 1949, Ch. 1050.)
  45. 43605.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may not incur public-improvement debt that is more than 15% of the city’s total assessed real and personal property value.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43605. A city shall not incur an indebtedness for public improvements which exceeds in the aggregate 15 percent of the assessed value of all real and personal property of the city. Within the meaning of this section “indebtedness” means bonded indebtedness of the city payable from the proceeds of taxes levied upon taxable property in the city. (Amended by Stats. 1955, Ch. 334.)
  46. 43606.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This section says an indebtedness is treated as incurred only up to the principal amount of bonds that are sold and delivered.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43606. An indebtedness is incurred within the meaning of this article to the extent of the principal amount of bonds sold and delivered. (Added by Stats. 1949, Ch. 79.)
  47. 43607.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city legislative body must adopt a two-thirds resolution finding that the public interest or necessity requires a municipal improvement before proceedings are initiated.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43607. Proceedings are initiated when the city legislative body passes a resolution by a two-thirds vote of all its members determining that the public interest or necessity demands the acquisition, construction, or completion of any municipal improvement. (Added by Stats. 1949, Ch. 79.)
  48. 43608.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city legislative body may, by a two-thirds vote at a subsequent meeting, pass an ordinance to submit a bonded-debt proposition to the city’s qualified voters at an election.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43608. At any subsequent meeting, by a two-thirds vote of all its members, the legislative body may pass an ordinance ordering the submission of the proposition of incurring a bonded debt for the purpose set forth in said resolution to the qualified voters of the city at an election held for that purpose. (Amended by Stats. 1949, Ch. 1050.)
  49. 43609.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Propositions covering more than one object or purpose may be submitted at the same election.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43609. Propositions for more than one object or purpose may be submitted at the same election. (Added by Stats. 1949, Ch. 79.)
  50. 4361.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 3. Services and Supplies of Agricultural Aircraft Operators [4360 - 4361] ( Article 3 added by Stats. 1955, Ch. 1107. )

    Verify source ↗

    Public officers and bodies may award or buy contracts for services or supplies from California-resident agricultural aircraft operators if their bids or prices are no more than 5% above the lowest bids or prices from nonresidents.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Preference for Materials [4300 - 4361] ( Chapter 4 enacted by Stats. 1943, Ch. 134. ) ## ARTICLE 3. Services and Supplies of Agricultural Aircraft Operators [4360 - 4361] ( Article 3 added by Stats. 1955, Ch. 1107. ) ## 4361. Public officers and bodies charged with the purchase or the letting of contracts for services or supplies for any public use may give such contracts and purchase such services and supplies from agricultural aircraft operators who are residents of California if the bids of such persons, or the prices quoted by them, do not exceed by more than 5 percent the lowest bids or prices quoted by agricultural aircraft operators who are not residents of California. (Added by Stats. 1955, Ch. 1107.)
  51. 43610.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    An ordinance authorizing indebtedness must state the purpose, costs, principal amount, interest rate details, election date, and voting procedure.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43610. The ordinance shall recite: (a) The object and purpose of incurring the indebtedness. (b) The estimated cost of the public improvements. (c) The amount of the principal of the indebtedness. (d) The rate or maximum rate of interest on the indebtedness, which shall not exceed 8 percent, and need not be recited if it does not exceed 41/2 percent. Said interest shall be payable semiannually except that interest for the first year after the date of the bonds may be made payable at the end of said year. (e) The date of the election. (f) The manner of holding the election and the procedure for voting for or against the proposition. (Amended by Stats. 1975, Ch. 130.)
  52. 43610.1.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    An ordinance may let bond cost estimates include specified issuance-related costs, and the bond sale proceeds may then be used to pay those stated items.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43610.1. The ordinance may provide that the estimated cost stated therein of the public improvements includes any or all of the following: (a) Legal or other fees incidental to or connected with the authorization, issuance and sale of the bonds. (b) The costs of printing the bonds and other costs and expenses incidental to or connected with the authorization, issuance and sale of the bonds. (c) If the public improvements are revenue-producing public works, bond interest estimated to accrue during the construction period and for a period of not to exceed 12 months after completion of construction. If such statement is made, the proceeds of the sale of the bonds may be used to pay such of the foregoing as are stated in the ordinance. This section shall not be construed to authorize a city to use the proceeds of the sale of bonds for a purpose for which it could not use its general fund. (Amended by Stats. 1967, Ch. 1079.)
  53. 43611.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    An ordinance must be published in a newspaper for a set period, or posted in three public places if no qualifying newspaper exists.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43611. The ordinance shall be published once a day for at least seven days in a newspaper published at least six days a week in the city, or once a week for two weeks in a newspaper published less than six days a week in the city. If there are no such newspapers, it shall be posted in three public places in the city for two succeeding weeks. No other notice need be given. (Amended by Stats. 1957, Ch. 844.)
  54. 43612.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If a bond election under this article is consolidated with another election, the bond-election ordinance does not need to list precincts, polling places, and election officers, and it may instead use those from the other election’s calling notice.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43612. If an election called pursuant to this article is consolidated with any other election, the ordinance calling the bond election need not set forth the election precincts, polling places and officers of election but may provide that the precincts, polling places and officers of election shall be the same as those set forth in the ordinance, order, resolution or notice calling or providing for or listing or designating the precincts, polling places and election officers for the election with which the election called pursuant to this article is consolidated, and shall refer to such ordinance, order, resolution or notice by number and title or date of adoption, or by date or proposed date of publication and the name of the newspaper in which publication has been or will be made, or by any other definite description. (Amended by Stats. 1949, Ch. 1050.)
  55. 43613.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The election must be conducted like other city elections, unless the ordinance says otherwise.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43613. Except as otherwise provided in the ordinance, the election shall be conducted as other city elections. (Amended by Stats. 1949, Ch. 1050.)
  56. 43614.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds may be issued if two-thirds of the electors voting on the proposition vote for it.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43614. If two-thirds of the electors voting on the proposition vote for it, the bonds may be issued. (Added by Stats. 1949, Ch. 79.)
  57. 43615.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When two or more propositions to incur indebtedness are submitted at the same election, the votes on each proposition must be counted separately.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43615. When two or more propositions for incurring indebtedness are submitted at the same election, the votes cast for and against each proposition shall be counted separately. (Added by Stats. 1949, Ch. 79.)
  58. 43616.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    After a proposition is defeated, the legislative body generally may not call another election on a substantially similar proposition within 6 months; a qualifying petition can allow an earlier election.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43616. If any proposition is defeated by the electors, the legislative body shall not call another election on a substantially similar proposition to be held within six months after the prior election. If a petition requesting submission of such a proposition, signed by 15 percent of the city electors as shown by the votes cast for all candidates for Governor at the last election, is filed with the legislative body, it may hold an election before the expiration of six months. (Amended by Stats. 1961, Ch. 701.)
  59. 43617.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must set the form of the bonds and interest coupons and fix the bond date.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43617. The legislative body shall prescribe the form of the bonds and interest coupons, and fix the date of the bonds. (Added by Stats. 1949, Ch. 79.)
  60. 43618.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may split a bond issue into multiple series and set different dates for each series; bonds in one series may mature at different times than bonds in another series, but each series must comply with this article.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43618. The legislative body may divide the principal amount of any issue into two or more series and fix different dates for the bonds of each series. The bonds of one series may be made payable at different times from those of any other series. The maturity of each series shall comply with this article. (Added by Stats. 1949, Ch. 79.)
  61. 43619.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must set the payment time and place for the bonds, and unless Section 43620 applies, at least one-fortieth of the principal on each bond issue or series, plus interest on unpaid sums, must be paid each year.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43619. The legislative body shall fix, and designate in the bonds, a time and place for payment of the bonds. Except as provided in Section 43620 of the code, not less than one-fortieth of the principal amount of each issue or series of bonds with interest on all sums unpaid shall be paid every year. (Amended by Stats. 1951, Ch. 1403.)
  62. 43620.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may set when bonds first mature, subject to time limits.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43620. The legislative body may fix a date, not more than two years from the date of issuance, for the earliest maturity of each issue or series of bonds and in the case of bonds issued for the acquisition, construction, or completion of revenue-producing public works may fix a date not more than 10 years from the date of issuance for the earliest maturity of each issue or series of bonds. Beginning with the date of the earliest maturity of each issue or series, not less than one-fortieth of the indebtedness of such issue or series shall be paid every year; provided, however, the bonds of any issue or series irrespective of the purpose for which the same are to be issued may be made to mature and become payable in approximately equal total annual installments of interest and principal, during the term of the bonds computed from the first year in which any part of the principal shall mature to the date of final maturity which annual installments may vary one from the other in amounts not exceeding in any year more than 5 percent of the total principal amount of the bonds of such issue or of the series thereof then proposed to be issued. The final maturity date shall not exceed 40 years from the time of incurring the indebtedness evidenced by each issue or series. (Amended by Stats. 1957, Ch. 844.)
  63. 43620.1.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A bond validity challenge may be brought under the referenced civil procedure chapter.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43620.1. An action to determine the validity of bonds may be brought pursuant to Chapter 9 (commencing with Section 860) of Title 10 of Part 2 of the Code of Civil Procedure. (Amended by Stats. 1961, Ch. 1548.)
  64. 43621.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may allow bonds to be redeemed before maturity, but only at prices it sets; a bond cannot be called or redeemed before maturity unless it says so.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43621. The legislative body may provide for redemption of bonds before maturity at prices determined by it. A bond shall not be subject to call or redemption prior to maturity unless it contains a recital to that effect. (Added by Stats. 1949, Ch. 79.)
  65. 43622.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may तयermine the denominations of the bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43622. The bonds shall be issued in such denomination or denominations as the legislative body may prescribe. (Amended by Stats. 1963, Ch. 736.)
  66. 43623.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    City bonds must be signed by the mayor (or an authorized substitute officer) and the city treasurer, and countersigned by the clerk or deputy clerk.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43623. The bonds shall be signed by the mayor, or such other officer as the legislative body authorizes by resolution adopted by a two-thirds vote of all its members, and the city treasurer. They shall be countersigned by the clerk or a deputy clerk. (Added by Stats. 1949, Ch. 79.)
  67. 43624.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bond coupons must be numbered consecutively and signed by the treasurer.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43624. The bond coupons shall be numbered consecutively and signed by the treasurer. (Added by Stats. 1949, Ch. 79.)
  68. 43625.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Signatures and countersignatures may be printed, lithographed, or engraved, except for the clerk’s or the clerk’s deputy’s signature.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43625. All signatures and countersignatures except that of the clerk or the clerk’s deputy may be printed, lithographed, or engraved. (Amended by Stats. 2018, Ch. 467, Sec. 57. (SB 1498) Effective January 1, 2019.)
  69. 43626.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If an officer’s signature or countersignature appears on bonds or coupons, it stays effective even if the officer leaves office before the bonds are delivered.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43626. If any officer whose signature or countersignature appears on bonds or coupons ceases to be an officer before delivery of the bonds, that officer’s signature is as effective as if the officer had remained in office. (Amended by Stats. 2018, Ch. 467, Sec. 58. (SB 1498) Effective January 1, 2019.)
  70. 43627.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may issue and sell bonds, but not below par, must give notice inviting sealed bids before sale, and must award the bonds to the highest responsible bidder if bids are satisfactory.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43627. The bonds may be issued and sold as the legislative body determines, but for not less than par. Before selling the bonds, or any part thereof, the legislative body shall give notice inviting sealed bids in such manner as the legislative body may prescribe. If satisfactory bids are received, the bonds offered for sale shall be awarded to the highest responsible bidder. If no bids are received, or if the legislative body determines that the bids received are not satisfactory as to price or responsibility of the bidders, the legislative body may reject all bids received, if any, and either readvertise or sell the bonds at private sale. (Amended by Stats. 1951, Ch. 1568.)
  71. 43628.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bond premiums, accrued interest, and remaining bond proceeds must be allocated to specified funds and used only for the stated improvement purpose, with later transfers of leftovers after the purpose is completed and the bonds are paid.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43628. All premiums and accrued interest received shall be placed in the fund to be used for the payment of principal of and interest on the bonds, and the remainder of the proceeds of the bonds shall be placed in the treasury to the credit of the proper improvement fund and applied exclusively to the purpose and object recited in the ordinance; provided, however, that when said purpose and object has been accomplished any moneys remaining in such improvement fund shall be transferred to the fund to be used for the payment of principal of and interest on the bonds. Further, when such purpose and object have been accomplished and all principal and interest on the bonds have been paid, any balance of money then remaining shall be transferred to the general fund. (Amended by Stats. 1951, Ch. 1568.)
  72. 43629.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may arrange for bonds to be delivered outside the city or state and for the purchase price to be handled in cash or bank credits.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43629. The legislative body may provide for delivery of any bonds at places outside the city or State, and for receipt and transmittal of the purchase price in cash or bank credits in the form of certified Federal Reserve bank funds. (Added by Stats. 1949, Ch. 79.)
  73. 43630.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    After three years from a bond election, the legislative body may adopt an ordinance by a two-thirds vote to stop unsold bond issue from being issued or sold.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43630. After three years after a bond election the legislative body may determine, by ordinance adopted by a two-thirds vote of all of its members, that no part of the bond issue remaining unsold shall be issued or sold. When the ordinance takes effect, the bonds remaining unsold and described in the ordinance become void. (Added by Stats. 1949, Ch. 79.)
  74. 43631.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may call a special election, if it resolves that using bond-sale money for the original purpose is impracticable or unwise, to ask electors to approve a different specified municipal purpose.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43631. When the legislative body determines by resolution that the expenditure of money raised by the sale of bonds for the purpose for which the bonds were voted is impracticable or unwise, it may call a special election to obtain the consent of the electors to use the money for some other specified municipal purpose. The procedure shall be the same as when the bond proposition was originally submitted. (Added by Stats. 1949, Ch. 79.)
  75. 43632.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must levy and collect a tax to pay bond interest and principal as it comes due.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43632. At the time of making the general tax levy after incurring the bonded indebtedness, and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the legislative body shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of a tax levied at the next general tax levy will be available. (Added by Stats. 1949, Ch. 79.)
  76. 43633.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If bonds mature more than one year after issuance, the legislative body must levy and collect an annual tax to pay interest and build a sinking fund for principal repayment by maturity.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43633. If the earliest maturity of the bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity. (Added by Stats. 1949, Ch. 79.)
  77. 43634.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The taxes covered by this section must be levied and collected like other city taxes, and they may be used only to pay the bonds and interest.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43634. These taxes shall be levied and collected as other city taxes, and in addition to all other taxes. They shall be used only for payment of the bonds and interest. (Added by Stats. 1949, Ch. 79.)
  78. 43635.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may directly perform work on bond-financed municipal improvements and buy materials and hire labor without using the ordinary contract-award procedure.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43635. A city may undertake to perform the work directly on any municipal improvement for which bonds are issued pursuant to this article, purchasing the materials and hiring the labor without following the ordinary procedure in awarding contracts. (Added by Stats. 1949, Ch. 79.)
  79. 43636.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The city may give its share of the cost to the United States to spend on the work, if they are jointly performing the municipal improvements.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43636. When the city and the United States jointly perform work on such municipal improvements, the city may turn over its portion of the cost to the United States for expenditure by it. (Added by Stats. 1949, Ch. 79.)
  80. 43637.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    By resolution, the legislative body may require the treasurer to provide additional bonds for the safe custody and care of public funds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43637. By resolution, the legislative body may require the treasurer to give additional bonds for the safe custody and care of the public funds. (Added by Stats. 1949, Ch. 79.)
  81. 43638.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When municipal improvements are made under this article, the legislative body must make needed regulations and appoint agents; in some cities, the board of public works does these duties.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 1. General [43600 - 43638] ( Article 1 added by Stats. 1949, Ch. 79. ) ## 43638. When municipal improvements are being made pursuant to this article, the legislative body shall make all necessary regulations for carrying out and maintaining the improvements and appoint all necessary agents to look after the construction and operation of improvements. The board of public works shall perform these duties in cities having freeholders’ charters providing for such a board. The legislative body may contract with a specially qualified person, firm or corporation to act as fiscal agent. Such contracts may authorize the fiscal agent to act as agent for any city officer or employee in the performance of any duty required to be performed, or in taking any action authorized to be taken in connection with bonds issued pursuant to this chapter. (Amended by Stats. 1957, Ch. 1363.)
  82. 437.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

    Verify source ↗

    The superior court with jurisdiction must enforce this chapter if any county citizen files a complaint.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 437. The superior court having jurisdiction of the offense shall enforce this chapter on the complaint of any citizen of the county. (Added by Stats. 1953, Ch. 170.)
  83. 43720.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city’s legislative body may fund or refund outstanding debt if the stated debt conditions are met, but this does not apply to a city and county.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43720. The legislative body of any city, except a city and county, may provide for the funding or refunding of outstanding indebtedness pursuant to this article, if either of the following conditions exist: (a) The city has an outstanding indebtedness evidenced by bonds, warrants, notes or other evidences of indebtedness, or a judgment. (b) Any department, board, or special fund of the city has an outstanding indebtedness evidenced by bonds, warrants, or notes or other evidences of indebtedness, and such indebtedness has been created for a purpose for which bonds of the city could have been lawfully authorized and issued. (Added by Stats. 1949, Ch. 79.)
  84. 43721.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may fund or refund city indebtedness and issue city bonds if approved by a two-thirds vote of its members.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43721. By a two-thirds vote of its number, the legislative body may fund or refund the indebtedness at, after, or before maturity and issue bonds of the city for the indebtedness. (Added by Stats. 1949, Ch. 79.)
  85. 43722.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds must be issued in denominations between $100 and $1,000, have a maximum term of 40 years, and bear interest at no more than 8% a year, payable semiannually.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43722. The bonds shall be issued in denominations of not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) each, have not more than 40 years to run, and bear a rate of interest not to exceed 8 percent a year, payable semiannually. (Amended by Stats. 1975, Ch. 130.)
  86. 43723.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The bond interest rate does not have to stay the same for the whole term; different rates may be set for one or more interest payments.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43723. The rate of interest during the entire term of the bonds need not be the same but different rates may be fixed for one or more interest payments. (Added by Stats. 1949, Ch. 79.)
  87. 43724.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The bonds must be serial bonds, and at least one-fortieth of the principal and interest on unpaid sums must be paid each year.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43724. The bonds shall be serial bonds, and not less than one-fortieth of the principal and interest on all sums unpaid shall be paid each year. (Added by Stats. 1949, Ch. 79.)
  88. 43725.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may set the earliest maturity date for bond principal, but it cannot be more than three years from the issue date.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43725. The legislative body may fix a date for the earliest maturity of the principal of the bonds, not more than three years from the date of the issue. (Added by Stats. 1949, Ch. 79.)
  89. 43726.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The bonds must be payable in the money and at the places the legislative body sets in the bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43726. The bonds shall be payable in such money and at such places as the legislative body designates in the bonds. (Added by Stats. 1949, Ch. 79.)
  90. 43727.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds may be sold as the legislative body provides, to the highest bidder, if the city’s interest rate on the sale price does not exceed 8% a year, or they may be exchanged for outstanding evidences of indebtedness under this article.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43727. The bonds may be sold in the manner provided by the legislative body, to the highest bidder, at such price that the interest rate paid by the city, computed on the sale price, will not exceed 8 percent a year, or may be exchanged for the outstanding evidences of indebtedness pursuant to this article. (Amended by Stats. 1975, Ch. 130.)
  91. 43728.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Cash-sale proceeds must go into the city treasury, credited to the funding fund, and be used only to refund the bonded debt.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43728. The proceeds of any sale for cash shall be placed in the city treasury to the credit of the funding fund, and applied only to refunding the indebtedness for which the bonds are issued. (Added by Stats. 1949, Ch. 79.)
  92. 43729.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Remaining proceeds from refunding bonds must be placed in the fund for paying the refunding bonds and used only to pay principal or interest when due.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43729. Any proceeds of the refunding bonds remaining after the indebtedness has been paid shall be deposited in the fund established for the payment of principal and interest on the refunding bonds and used only for the purpose of paying such principal or interest as it matures. (Added by Stats. 1949, Ch. 79.)
  93. 43730.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must levy and collect a tax to cover bond interest and principal as they come due.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43730. At the time of making the general tax levy after incurring the bonded indebtedness and annually thereafter until the bonds are paid or until there is a sum in the treasury set apart for that purpose sufficient to meet all payments of principal and interest on the bonds as they become due, the legislative body shall levy and collect a tax sufficient to pay the interest on the bonds and such part of the principal as will become due before the proceeds of the next general tax levy will be available. (Added by Stats. 1949, Ch. 79.)
  94. 43731.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If refunding bonds mature more than one year after issuance, the legislative body must levy and collect an annual tax for interest and principal repayment.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43731. If the earliest maturity of the refunding bonds is more than one year after the date of issuance, the legislative body shall levy and collect annually a tax sufficient to pay the interest as it falls due and to constitute a sinking fund for payment of the principal on or before maturity. (Added by Stats. 1949, Ch. 79.)
  95. 43732.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The taxes must be levied and collected like other city taxes, and they may be used only to pay the bonds and interest.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43732. The taxes shall be levied and collected as other city taxes, and are in addition to all other taxes. They shall be used only for the payment of the bonds and interest. (Added by Stats. 1949, Ch. 79.)
  96. 43732.5.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may choose, by resolution, to guarantee bond payments and must notify the Controller and trustee, while the Controller must cover shortfalls from specified funds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43732.5. (a) Prior to the issuance by a city of bonds pursuant to this chapter, the legislative body may elect, by resolution, to guarantee payment on outstanding bonds of the city issued pursuant to this chapter in accordance with the following: (1) A city that elects to participate under this section shall provide notice to the Controller of that election, which notice shall include a schedule for the repayment of principal and interest on the bonds, and identify a bond trustee appointed by the city for the purposes of this section. (2) In the event that, for any reason, the amount of tax revenues made available pursuant to this article for the payment of principal and interest of the bonds will not be sufficient for that purpose at the time payment on principal, interest, or both, is required as to any one or more of those bonds, the city shall so notify the bond trustee. The bond trustee shall immediately communicate that information to the affected bondholder or bondholders and to the Controller. (3) When the Controller receives notice from the trustee as described in paragraph (2), or the amount of tax revenues made available pursuant to this article for the payment of principal and interest of the bonds is not sufficient for that purpose at the time payment on principal, interest, or both, is required as to any one or more of those bonds, the Controller shall make an apportionment to the bond trustee in the amount of that required payment for the purpose of making that payment. The Controller shall make that payment only from moneys credited to the Motor Vehicle License Fee Account in the Transportation Tax Fund to which that city is entitled at that time under Chapter 5 (commencing with Section 11001) of Part 5 of Division 2 of the Revenue and Taxation Code, and shall thereupon reduce, by the amount of the payment, the subsequent allocation or allocations to which the county would otherwise be entitled under that chapter. (4) A city shall be entitled to reimbursement, from tax revenues collected pursuant to this article, in an amount equal to the amount by which its allocation or allocations under Chapter 5 (commencing with Section 11001) of Part 5 of Division 2 of the Revenue and Taxation Code are reduced pursuant to subdivision (c). (b) This section shall not be construed to obligate the State of California to make any payment to a city from the Motor Vehicle License Fee Account in the Transportation Tax Fund in any amount or pursuant to any particular allocation formula, or to make any other payment to a city, including, but not limited to, any payment in satisfaction of any debt or liability incurred or guaranteed by a city in accordance with this section. (Added by Stats. 1990, Ch. 1177, Sec. 4. Effective September 24, 1990.)
  97. 43733.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    City refunding bonds cannot be issued unless the city’s electors authorize them at an election, with two specified exceptions.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43733. Bonds to fund or refund the indebtedness shall not be issued unless authorized by the electors of the city voting at an election to be called and held for that purpose, in either of the following cases: (a) When the indebtedness is evidenced by warrants or by judgment obtained for indebtedness or liability incurred by the city exceeding the income and revenue provided for the year in which the indebtedness or liability was incurred. (b) When the indebtedness is that of any department, board, or special fund of the city, and has been incurred without submission of the proposition of incurring the indebtedness to the city electors, and without the assent of two-thirds of the electors voting at an election held for that purpose. (Added by Stats. 1949, Ch. 79.)
  98. 43734.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The election must be called and held under Article 1 of this chapter.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43734. The election shall be called and held pursuant to Article 1 of this chapter. (Added by Stats. 1949, Ch. 79.)
  99. 43735.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The ordinance calling the election must state the object and purposes of the bonded indebtedness.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43735. The ordinance calling the election shall recite the object and purposes for which the bonded indebtedness is to be incurred. (Added by Stats. 1949, Ch. 79.)
  100. 43736.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If a city’s refunding bonds may mature more than 40 years after the original debt was incurred, the refunding must be submitted to city electors at an election, and two-thirds of voting electors must approve it to authorize issuance.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43736. When it is proposed to refund any outstanding bonded indebtedness of a city upon terms which permit any number of the refunding bonds to mature more than forty years from the time the original indebtedness was incurred, the proposition of refunding the indebtedness shall be submitted to the electors of the city at an election held for that purpose, and the assent of two-thirds of the electors voting at such election is necessary to authorize the issuance of the refunding bonds. The election shall be called and held in the manner of other elections under this article. (Added by Stats. 1949, Ch. 79.)
  101. 43737.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The treasurer must use bond-sale proceeds to pay the judgment or refund the related debt.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43737. The proceeds from the sale of the bonds shall be applied by the treasurer to the satisfaction of the judgment or the refunding of the indebtedness for which the bonds were issued, or the bonds may be exchanged at their par value for the evidences of indebtedness to be refunded, at their par value. (Added by Stats. 1949, Ch. 79.)
  102. 43738.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Refunding bonds may be exchanged for the older debt at no less than par value, using the prepayment price stated in the debt instrument, with accrued interest adjusted to the exchange date.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43738. If the refunding bonds are issued in whole or in part to refund before maturity an indebtedness evidenced by bonds, notes, or other evidences of indebtedness, which according to their terms are subject to call or payment before maturity at a price in excess of par, the refunding bonds may be exchanged at not less than their par value for such other bonds, notes, or evidences at the price specified therein for payment before maturity, subject to adjustment of accrued interest to the date of exchange. (Added by Stats. 1949, Ch. 79.)
  103. 43740.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When the funding fund has enough money to redeem specified indebtedness, the treasurer must publish a notice saying payment is ready.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43740. When sufficient money is in the funding fund to redeem one or more outstanding past due bonds, warrants, judgments, notes, or other evidences of indebtedness or to redeem one or more of the outstanding bonds, warrants, notes, or other evidences of indebtedness which are subject to call or payment before maturity, and which are proposed to be funded or refunded, the treasurer shall publish a notice that he is prepared to pay the bond, warrant, judgment, note, or other evidence of indebtedness (giving its number, if any). The notice shall be published once a week for two weeks in a newspaper of general circulation published in the city, if there is one. If the bond, warrant, judgment, note, or other evidence of indebtedness is not presented for redemption within thirty days after the first publication of the notice, the interest upon it ceases. (Added by Stats. 1949, Ch. 79.)
  104. 43741.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The treasurer must mail a copy of the notice to the registered owner, and if the debt is not presented by the time stated in the notice, interest stops and the amount due is held for later payment.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43741. At the same time the treasurer shall deposit in the post office a copy of the notice, enclosed in a sealed envelope, postage prepaid, addressed to the registered owner of any such bond, warrant, judgment, note or other evidence of indebtedness, registered pursuant to law, whose address appears upon the record in the treasurer’s office. If the bond, warrant, judgment, note, or other evidence of indebtedness is not presented within the time specified in the notice, the interest upon it ceases, and the amount due shall be set aside for the payment when it is presented. (Added by Stats. 1949, Ch. 79.)
  105. 43742.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If bonds are issued to fund or refund obligations that can be called and paid before maturity, the call and payment must follow the manner specified for those obligations.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43742. If any bonds are authorized for funding or refunding before maturity any obligations which by their terms are subject to call and payment before maturity, and which specify the manner in which they shall be called and paid, the call and payment of such obligations shall be in the specified manner. (Added by Stats. 1949, Ch. 79.)
  106. 43743.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When surrendered and paid, the treasurer must cancel outstanding bonds and similar debt instruments by marking them with the received amount, “canceled,” and the date.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43743. When any outstanding bonds, warrants, judgments, notes, or other evidences of indebtedness are surrendered and paid, the treasurer shall cancel them by endorsing on their faces the amount for which they are received, “canceled,” and the date of cancellation. (Added by Stats. 1949, Ch. 79.)
  107. 43744.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The treasurer must keep a record of redeemed debt instruments and report those redemptions to the city legislative body.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43744. The treasurer shall keep a record of bonds, warrants, judgments, notes, or other evidences of indebtedness redeemed, and report the redemptions to the city legislative body. (Added by Stats. 1949, Ch. 79.)
  108. 43745.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If city obligations were issued by or against a department, board, or special fund, the person referred to as “he” must make a report to the department, board, or officer that keeps the fund.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43745. If the obligations were issued by, on account of, or against, any department, board, or special fund of the city, he shall make the report to such department, board, or officer having custody of the special fund. (Added by Stats. 1949, Ch. 79.)
  109. 43746.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A report must be made at least once a month, and it must include the bonds, warrants, judgments, or other evidences of indebtedness that were taken up and canceled.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43746. The report shall be made at least once a month, and shall be accompanied by the bonds, warrants, judgments, or other evidences of indebtedness which have been taken up and canceled. (Added by Stats. 1949, Ch. 79.)
  110. 43747.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Any leftover money in the funding fund must be moved to the refunding-bond payment fund and used only to pay principal or interest when due.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 3. Refunding Indebtedness [43720 - 43747] ( Article 3 added by Stats. 1949, Ch. 79. ) ## 43747. Any money remaining in the funding fund, after all outstanding bonds, warrants, judgments, notes, or other evidences of indebtedness proposed to be refunded have been taken up and canceled, shall be deposited in the fund established for the payment of principal and interest on the refunding bonds and used only for paying such principal or interest as they mature. (Added by Stats. 1949, Ch. 79.)
  111. 43760.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This article may be cited as the Investment Bond Act of 1909.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43760. This article may be cited as the Investment Bond Act of 1909. (Added by Stats. 1949, Ch. 79.)
  112. 43761.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city may incur bonded indebtedness to acquire certain bonds when public interest or necessity requires.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43761. Whenever the public interest or necessity requires, any city may incur a bonded indebtedness to acquire bonds: (a) Issued by the city. (b) Issued by or for any district in the city. (c) Issued for street work or other public improvements in the city under any law providing for the performance of street work or other public improvements or the issuance of bonds to represent or be secured by assessments levied for such work or improvements, including bonds issued under the Improvement Bond Act of 1915 and the Acquisition and Improvement Act of 1925. (Added by Stats. 1949, Ch. 79.)
  113. 43762.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The Legislature states that acquiring these bonds or general improvement fund investments is intended to serve listed city-finance purposes.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43762. It is the intent of the Legislature in adopting this article that the acquisition of such bonds or investments of the general improvement fund shall be for any or all of the following purposes: (a) Aiding or facilitating the making of needed public improvements in the city. (b) Limiting or preventing such increasing of district taxes or assessments as may impair the general tax revenues of the city from any district. (c) Providing means to reduce district indebtedness or assessments represented by or securing bonds. (d) Obtaining collection of delinquent city taxes. (e) Restoring property to the tax rolls in order that city taxes may be collected on such property. (Added by Stats. 1949, Ch. 79.)
  114. 43763.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds issued under this article must be issued substantially as Article 1 of this chapter prescribes.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43763. Bonds issued pursuant to this article shall be issued substantially in the manner prescribed by Article 1 of this chapter. (Added by Stats. 1949, Ch. 79.)
  115. 43764.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The ordinance calling the election does not have to include the estimated cost of the proposed public improvement.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43764. The ordinance calling the election need not contain any statement as to the estimated cost of the proposed public improvement. (Added by Stats. 1949, Ch. 79.)
  116. 43765.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If bonds are issued to acquire outstanding bonds, the ordinance must generally state which bonds will be bought, the total principal amount, and the maximum purchase price.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43765. If the bonds are to be issued to acquire outstanding bonds, the ordinance shall state generally: (a) What bonds are to be purchased or acquired. (b) The total principal amount of such bonds. (c) The maximum purchase price proposed to be paid for them. The maximum purchase price shall not exceed the amount stated. (Added by Stats. 1949, Ch. 79.)
  117. 43766.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bond interest rates do not have to stay the same for the full term, and different rates may be set for one or more interest payments.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43766. The interest rate on the bonds need not be the same during the entire term and different rates may be fixed for one or more interest payments. (Added by Stats. 1949, Ch. 79.)
  118. 43767.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The bonds cannot be sold below par value, and they may be exchanged at par value for outstanding bonds if the exchange price for the outstanding bonds does not exceed the maximum purchase price stated in the election ordinance.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43767. The bonds shall not be sold at less than their par value. They may be exchanged at their par value for the outstanding bonds if the outstanding bonds are taken in exchange at a price not exceeding the maximum purchase price stated in the ordinance calling the election. (Added by Stats. 1949, Ch. 79.)
  119. 43768.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When bonds are exchanged, interest on the bonds being acquired up to the exchange date may be offset against interest on the bonds issued under this article. When bonds are purchased, interest accruing to the exchange date may be paid.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43768. In the exchange of bonds, interest upon the bonds to be acquired accruing to the date of exchange may be offset against the interest accruing upon the bonds issued pursuant to this article. In the purchase of bonds, interest accruing to date of exchange may be paid. (Added by Stats. 1949, Ch. 79.)
  120. 43769.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds issued under this article must be redeemed and paid under Article 1 of this chapter.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43769. Bonds issued pursuant to this article shall be redeemed and paid pursuant to Article 1 of this chapter. (Added by Stats. 1949, Ch. 79.)
  121. 43770.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Taxes for paying the bonds must be levied under Article 1, unless the bonds issued under this article all mature at one time.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43770. Taxes for the payment of the bonds shall be levied pursuant to Article 1 except where any issue of bonds pursuant to this article is to mature at one time. (Added by Stats. 1949, Ch. 79.)
  122. 43771.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city’s legislative body must keep bond-sale money in a separate general improvement fund and invest it only in specified bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43771. The legislative body of any city shall keep the funds arising from the sale of bonds pursuant to this article separate and distinct from all other municipal funds in a fund to be called “general improvement fund,” and shall invest and reinvest the money in bonds issued by the city, or bonds issued for street, sewer, drainage, or any other improvements within the city. It shall collect the principal of and interest on such bonds and credit it to the fund. (Added by Stats. 1949, Ch. 79.)
  123. 43772.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bond proceeds used to buy certain outstanding bonds may be used only for that purpose, and any unused funds or bond payments received must be used to pay principal and interest on the bonds issued under this article.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43772. If the bonds are issued to acquire or to provide funds for the purchase of certain outstanding bonds, they may be used only for that purpose. All of the funds not so used and all sums received in payment of principal or interest of the bonds acquired by the city or received from their sale shall be used for the payment of the principal and interest of the bonds issued pursuant to this article. (Added by Stats. 1949, Ch. 79.)
  124. 43773.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may sell bonds it purchased, but not for less than it paid.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43773. At such times as the legislative body determines, it may sell any of the bonds purchased by it. The bonds shall not be sold at a price less than that paid for them. (Added by Stats. 1949, Ch. 79.)
  125. 43774.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bond sale proceeds and accrued interest must go into the general improvement fund.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43774. The purchase price of any bonds sold and the accrued interest on them shall be placed in the general improvement fund and may be reinvested in bonds, or, if such reinvestment is not permitted, shall be used to pay principal and interest of the bonds issued pursuant to this article. (Added by Stats. 1949, Ch. 79.)
  126. 43775.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may reduce or omit amounts for delinquencies when setting the annual tax or assessment for certain district bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43775. During the time the city owns any district bonds payable from taxes or assessments levied wholly or partially in accordance with the assessed value of the land within the district, the legislative body may omit any sum for the payment of principal and interest past due and unpaid because of delinquencies from the amount of the annual tax or assessment to be levied for the payment of principal and interest of such bonds. It may also limit or omit any sum for anticipated delinquencies. The legislative body may exercise its discretion as to such omission each year. The tax or assessment shall be levied pursuant to the statute under which the bonds acquired were issued, but the total amount of the annual levy may be limited as provided in this section. (Added by Stats. 1949, Ch. 79.)
  127. 43776.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If bonds are bought below par, the legislative body may reduce the issue’s total principal amount by ordinance, but the reduced amount cannot be below the total purchase price.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43776. When bonds are acquired at less than their par value, the legislative body may reduce the total principal amount of any issue acquired and held by it to a total principal amount to be fixed by ordinance. The reduced total principal amount of the issue shall not be less at par than the total purchase price of the total principal amount of the issue acquired by the legislative body. (Added by Stats. 1949, Ch. 79.)
  128. 43777.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    An ordinance must be designated to include specified bond-reduction and cancellation details, and it is subject to referendum like other ordinances.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43777. The ordinance is subject to referendum as other ordinances and shall designate: (a) The issue of bonds to be reduced. (b) The total principal amount of the issue acquired. (c) The purchase price paid for the bonds. (d) The principal amount of the proposed reduction. (e) The numbers, denominations, and maturity dates of the bonds to be canceled. (f) The time and place of the proposed cancellation. (Added by Stats. 1949, Ch. 79.)
  129. 43778.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When the bonds are canceled, the city clerk must record the cancellation in the legislative body’s minutes.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43778. At the time and place fixed, the bonds shall be publicly canceled, and the city clerk shall enter on the minutes of the legislative body a record of the bonds canceled sufficient to identify them and the fact and date of their cancellation. (Added by Stats. 1949, Ch. 79.)
  130. 43779.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If canceled bonds were issued under the Improvement Bond Act of 1915, the legislative body must reduce the assessments securing those bonds to match the unpaid and uncanceled bonds of the same issue.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43779. If the bonds canceled are issued under the Improvement Bond Act of 1915, the legislative body shall reduce the principal amount of the assessments securing the bonds to the total principal amount of the unpaid and uncanceled bonds of the same issue. (Added by Stats. 1949, Ch. 79.)
  131. 43780.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Assessment reductions must be made by canceling the necessary proportion of the assessments, and the legislative body may set the cancellation procedure.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43780. The reduction of assessments shall be carried out by canceling such proportion of the assessments as is necessary, and the legislative body may provide procedure for such cancellation. The uncanceled portion of the assessments is valid and shall be collected pursuant to the statutes under which the original assessments were levied and bonds issued. (Added by Stats. 1949, Ch. 79.)
  132. 43781.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city’s legislative body may cancel district bonds it has acquired if it thinks cancellation serves the public interest and welfare better than enforcing the lien.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43781. When the legislative body of any city has acquired any district bonds pursuant to this article, it may, as an alternative to the procedure prescribed in Sections 43775 to 43780, inclusive, cancel all or any of such district bonds, if in its opinion the public interest and welfare will be better served by such cancellation than by enforcing the lien securing the bonds. (Added by Stats. 1949, Ch. 79.)
  133. 43782.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Before ordering a bond cancellation by ordinance, the legislative body must make specified determinations, identify the bonds to be canceled, and set the time and place for the proposed cancellation.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43782. Before ordering the cancellation, by ordinance the legislative body shall: (a) Determine that the public interest and welfare will be best served by the cancellation of all or part of the principal and interest of the bonds. (b) Designate the issue of bonds to be canceled or the principal amount, numbers, and denominations of the bonds proposed to be canceled, if less than all. (c) Fix the time and place of the proposed cancellation. The ordinance is subject to referendum as other ordinances of the city. (Added by Stats. 1949, Ch. 79.)
  134. 43783.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must record the cancellation of the bonds on its minutes and cancel the related assessments and liens at the time and place fixed in the ordinance.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43783. At the time and place fixed in the ordinance, the bonds shall be publicly canceled, and the legislative body shall cause a record of the cancellation to be entered on its minutes. It shall cancel all assessments securing the bonds and all liens upon any property subject to assessment for the payment of the bonds, or such part of the assessments as is necessary, including any delinquent assessments and interest, penalties, and costs. (Added by Stats. 1949, Ch. 79.)
  135. 43784.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may sell district bonds to a property owner, but only on the stated conditions.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43784. The legislative body may sell any district bonds acquired from money in the general improvement fund to any property owner at such price as it determines, to enable him to use the bonds upon redemption of any property subject to assessment for the payment of such bonds. Such sale shall not be made unless the property owner simultaneously redeems the property and reinstates it upon the assessment rolls of the city free and clear of all unpaid liens and assessments, other than the lien for current city taxes not yet due and payable. (Added by Stats. 1949, Ch. 79.)
  136. 43785.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When property is redeemed, district bonds sold for that redemption must be canceled and discharged, and the treasurer must record that cancellation in the city records.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43785. All district bonds sold for the purpose of effecting such redemption shall be canceled and discharged upon the redemption of the property. The treasurer shall cause the proper notation of cancellation and discharge to be entered upon the city records. (Added by Stats. 1949, Ch. 79.)
  137. 43786.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body may set bond issues under this article to mature all at once, but the maturity period cannot exceed 20 years from the issue date.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43786. The legislative body may determine that any issue of bonds pursuant to this article shall mature at one time, not to exceed twenty years from the date of issue. (Added by Stats. 1949, Ch. 79.)
  138. 43787.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If bonds mature all at once, the annual tax levy must cover interest as it comes due and build a sinking fund to repay principal by maturity.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43787. If the bonds are made to mature at one time, the annual tax levy shall be sufficient to pay the interest on the bonds as it comes due and create a sinking fund for the payment of the principal on or before maturity. (Added by Stats. 1949, Ch. 79.)
  139. 43788.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Each year, the amount placed in the sinking fund for bond principal must be at least the amount calculated by dividing the total principal of the bonds issued by the number of years they run.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43788. The sum to be raised each year and placed in the sinking fund for the payment of the principal shall not be less than an amount obtained by dividing the total principal amount of the bonds issued by the total number of years they are to run. (Added by Stats. 1949, Ch. 79.)
  140. 43789.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If all bonds in an issue mature at the same time, they may be redeemed in numerical order at par plus accrued interest before maturity.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43789. If the entire issue of bonds is to mature at one time, the bonds may be called for redemption in numerical order at par and accrued interest on any interest payment date prior to their fixed maturity. (Added by Stats. 1949, Ch. 79.)
  141. 43790.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds issued under this article generally may not be called or redeemed before maturity, unless the bond states that it is callable.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43790. Any bond issued pursuant to this article shall not be callable or redeemable prior to its fixed maturity date unless it contains a statement that the bond is callable. (Added by Stats. 1949, Ch. 79.)
  142. 43791.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must invite sealed proposals for certain bonds at least once each year, within 60 days before an interest payment date, when the sinking fund has enough available money to call outstanding bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43791. At least once each year, within sixty days prior to an interest payment date, if the sinking fund contains sufficient available money to call one or more of the outstanding bonds, the legislative body shall invite sealed proposals for the sale to the city of any bonds for payment of which the sinking fund was created. The invitation shall be by a notice published once a week for two weeks in a newspaper published in the city. The legislative body may provide for additional publication in other newspapers. (Added by Stats. 1949, Ch. 79.)
  143. 43792.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The notice must state the bond redemption amount and the time and place for opening proposals; proposals must be opened in public, and the legislative body may reject any or all proposals.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43792. The notice shall state the amount available for the redemption of bonds and specify the time and place the proposals will be opened. At such time and place, all proposals shall be opened in public. Any or all proposals may be rejected in the discretion of the legislative body. (Added by Stats. 1949, Ch. 79.)
  144. 43793.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A proposal cannot be accepted unless its sale price is below par plus accrued interest. If no proposals are received, or if they are rejected or do not use up the money available to redeem bonds, the legislative body must call in redeemable outstanding bonds in numerical order.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43793. A proposal shall not be accepted unless the sale price is less than par and accrued interest. If no proposals are received, or if those received are rejected or are insufficient to exhaust the money available for the redemption of bonds, the legislative body shall call in numerical order such outstanding bonds as can be redeemed from the money available for that purpose. (Added by Stats. 1949, Ch. 79.)
  145. 43794.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Notice of a bond redemption call must be published weekly for two weeks in a city newspaper of general circulation, with the first publication at least 30 days before redemption.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43794. Notice of the call for redemption shall be published once a week for two weeks in a newspaper of general circulation in the city. The first publication shall be not less than thirty days prior to the date fixed for redemption. Upon the date fixed, bonds called shall be redeemed at par and accrued interest to that date. (Added by Stats. 1949, Ch. 79.)
  146. 43795.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If called bonds are not presented for redemption on the set date, enough money must be placed in a special fund the next day to pay principal and accrued interest, and interest stops on the redemption date.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43795. If any bonds called are not presented for redemption on the date fixed, on the day following a sum sufficient for the payment of the principal of such bonds and accrued interest to the date of redemption shall be placed in a special fund for that purpose, and interest on such bonds ceases on the redemption date. (Added by Stats. 1949, Ch. 79.)
  147. 43796.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This article creates an alternative bond-issuance system, and once proceedings start under it, its provisions control the procedures to follow.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43796. This article provides an alternative system for the issuance of bonds. When proceedings are commenced under this article, its provisions govern all procedures to be taken. (Added by Stats. 1949, Ch. 79.)
  148. 43797.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This article must be interpreted broadly so its purposes can be carried out effectively.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 4. Investment Bond Act of 1909 [43760 - 43797] ( Article 4 added by Stats. 1949, Ch. 79. ) ## 43797. This article shall be liberally construed to the end that its purposes may be made effective. (Added by Stats. 1949, Ch. 79.)
  149. 438.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

    Verify source ↗

    State, county, city, and district agencies may use United States flags they possess, or later acquire under certain pre-March 18, 1959 contracts, until the flags become unserviceable.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 438. All United States Flags now in the possession of state, county, city, and district agencies, or hereafter acquired by such agencies under contracts awarded prior to March 18, 1959, may be utilized until unserviceable. (Added by Stats. 1959, Ch. 1521.)
  150. 43820.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city legislative body may authorize bond prepayment terms in the bond ordinance or resolution.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. ) ## 43820. In its ordinance or resolution authorizing the issuance of bonds, a city legislative body may provide that a certain portion of such bonds, as determined and specified in the ordinance or resolution, will be paid by the city each year prior to maturity, at the option of the holders, pursuant to this article. Such advance payment of bonds shall be in addition to the payment of bonds of the same issue at maturity. (Added by Stats. 1949, Ch. 79.)
  151. 43821.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must set the bond selection and payment method in the ordinance or resolution, and must set any payment made in lieu of interest.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. ) ## 43821. In the ordinance or resolution, the legislative body shall prescribe the method for determining the particular bonds to be paid, and the manner in which they are payable. It shall also fix the amount to be paid by the city in lieu of interest on the bonds accrued but not due at the time of the payment. This amount shall not exceed the amount of accrued interest. (Added by Stats. 1949, Ch. 79.)
  152. 43822.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If bonds may be paid before maturity, the legislative body must levy and collect a tax sufficient to cover the early-payment amounts, and the tax continues annually until the bonds are paid or enough city treasury funds are set aside.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. ) ## 43822. If provision is made for the payment of bonds in advance of maturity, the legislative body shall levy and collect a tax which, with any other funds in the treasury set apart for the purpose, is sufficient to pay the portion of such bonds becoming payable before maturity and prior to the time for fixing the next general tax levy. The tax shall be levied and collected annually until all such bonds are paid, or there is a sufficient sum in the city treasury set apart for that purpose to meet all sums due or to become due on the principal of the bonds. (Added by Stats. 1949, Ch. 79.)
  153. 43823.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    These taxes are added on top of other municipal taxes and may be used only to pay bonds before they mature.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. ) ## 43823. Such taxes are in addition to all other taxes levied and collected for municipal purposes and for meeting payments on the principal and interest of the bonded indebtedness as they fall due. They shall be levied and collected at the time and in the manner of other municipal taxes, and be used only for the purpose of paying bonds prior to maturity. (Added by Stats. 1949, Ch. 79.)
  154. 43824.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The city must pay the amount set by the legislative body in place of accrued but not yet due interest, using the treasury fund for bond interest payments.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 5. Prepayment [43820 - 43824] ( Article 5 added by Stats. 1949, Ch. 79. ) ## 43824. The amount fixed by the legislative body to be paid in lieu of interest accrued but not due shall be paid by the city out of the fund in its treasury for meeting sums coming due for interest on such bonds. At the time of payment of the bonds, this amount, and all due and unpaid interest shall be paid upon surrender of all outstanding interest coupons on the bonds. (Added by Stats. 1949, Ch. 79.)
  155. 43850.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If a city has bond debt outstanding, its legislative body may submit a proposition to the city’s electors at an election held for that purpose.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43850. Whenever a city has an outstanding indebtedness evidenced by bonds the legislative body may submit to the electors of the city, at any election held for that purpose, a proposition: (a) Declaring all or any of the bonds to be at once due and payable. (b) Compromising the bonded indebtedness. (c) Consenting to a judgment in favor of the bondholders. (d) Providing for the payment of such judgment in installments. (Added by Stats. 1949, Ch. 79.)
  156. 43851.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The election must be called and held in the same manner as other city elections.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43851. The election shall be called and held in the same manner as other elections in the city. (Added by Stats. 1949, Ch. 79.)
  157. 43852.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The notice of election must state the bonded indebtedness to be declared due, the proposed compromise terms, the proposed consent judgment terms for bondholders, and how the judgment will be paid in installments.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43852. The notice of election shall state: (a) The bonded indebtedness which it is proposed to declare at once due and payable. (b) The terms of the proposed compromise. (c) The terms of the proposed judgment by consent in favor of the bondholders. (d) The proposed method of paying the judgment in installments. (Added by Stats. 1949, Ch. 79.)
  158. 43853.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If two-thirds of the electors vote yes, the legislative body must declare the bonds in the notice due and payable by ordinance.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43853. The question shall be voted upon as an entirety. If two-thirds of the electors vote in favor of it, by ordinance the legislative body shall declare the bonds described in the notice due and payable. (Added by Stats. 1949, Ch. 79.)
  159. 43854.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must carry out the compromise, consent to the specified judgment and installment payment method, and designate officers and attorneys by resolution to sign the needed documents.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43854. The legislative body shall carry the compromise into effect and consent to the judgment specified in the notice of election and the proposed method of paying the judgment in installments. By resolution, it shall designate the officers and attorneys to sign the necessary documents. (Added by Stats. 1949, Ch. 79.)
  160. 43855.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    An annual tax must be provided for to cover the judgment’s interest when due and any principal amount stated in the notice of election.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43855. It shall provide for the collection of an annual tax sufficient to pay the interest on the judgment as it falls due and such portion of the principal as is designated in the notice of election. (Added by Stats. 1949, Ch. 79.)
  161. 43856.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The rights of a nonconsenting bond holder named in the notice are not affected by the proceedings.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43856. The rights of any nonconsenting holder of bonds specified in the notice are not affected by the proceedings. (Added by Stats. 1949, Ch. 79.)
  162. 43857.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    For actions on the bonds covered by the notice, a court judgment is conclusive on whether the proceedings were regular.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43857. In any action brought upon any of the bonds described in the notice, the judgment of a court of competent jurisdiction is conclusive as to the regularity of all proceedings taken. (Added by Stats. 1949, Ch. 79.)
  163. 43858.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If a plaintiff sues on certain bonds, the plaintiff must deposit those bonds in court.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43858. In any action brought upon any of the bonds described in the notice of election, the plaintiff shall deposit in court the bonds upon which he sues. (Added by Stats. 1949, Ch. 79.)
  164. 43859.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When the judgment becomes final, the bonds sued upon must be delivered to the city treasurer and held until the judgment is fully satisfied.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43859. When the judgment, rendered in accordance with the terms of the proposed compromise described in the notice, becomes final, the bonds sued upon shall be delivered to the treasurer of the city against which the judgment is rendered, to be held by him and his successors until the judgment has been fully satisfied. (Added by Stats. 1949, Ch. 79.)
  165. 43860.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    If the judgment is reversed or ignored, the treasurer must return the bonds to the plaintiff, and the court must enforce that duty.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 6. Compromise [43850 - 43860] ( Article 6 added by Stats. 1949, Ch. 79. ) ## 43860. If for any reason the judgment is reversed or set aside, or if any orders or writs under it are disobeyed by the defendant or its officers, the treasurer shall return the bonds to the plaintiff. At his option, the plaintiff may be relegated to all rights which he held and enjoyed under the bonds, crediting on such rights all amounts received on the judgment. The court in which the judgment is rendered shall enforce the duty imposed upon the treasurer. (Added by Stats. 1949, Ch. 79.)
  166. 43880.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    When an owner asks the city treasurer to convert a coupon bond or bearer bond into a registered bond, the treasurer must cancel the coupons and mark the bond as registered in the owner’s name.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43880. Upon presentation by the owner to the city treasurer of any coupon bond or bond payable to bearer issued by any city, with a request for the conversion of the bond into a registered bond, the treasurer shall cut off and cancel the coupons of the coupon bond and stamp, print, or write upon the back or face of the coupon bond or bond payable to bearer a statement to the effect that the bond is registered in the name of the owner. (Added by Stats. 1949, Ch. 79.)
  167. 43881.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A registered owner may transfer the bond, personally or through an authorized attorney, by presenting it to the treasurer and having it registered again.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43881. The bond may thereafter be transferred by the registered owner in person or by attorney duly authorized on presentation to the treasurer, and again registered, a similar statement being stamped, printed, or written upon it. (Added by Stats. 1949, Ch. 79.)
  168. 43882.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A bond registration statement may use substantially the specified form.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43882. The statement stamped, printed, or written upon the bond may be in substantially the following form: (Date, giving month, year, and day.) This bond is registered pursuant to the statute in such cases made and provided in the name of ______ (here insert name of owner) and the interest and principal thereof are hereafter payable to such owner. Treasurer (or such other officer) (Added by Stats. 1949, Ch. 79.)
  169. 43883.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Once a bond is registered, its principal and interest must be paid to the registered owner.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43883. After any bond has been registered, the principal and interest shall be payable to the registered owner. (Added by Stats. 1949, Ch. 79.)
  170. 43884.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The city treasurer must keep a book in the treasurer’s office showing which bonds are registered and in whose names.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43884. The city treasurer shall keep in his office a book showing at all times what bonds are registered and in whose names. (Added by Stats. 1949, Ch. 79.)
  171. 43885.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    Bonds issued under a statute or city charter may be issued as coupon bonds, registered bonds, or a mix of both, as provided in the issuance proceedings.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43885. Notwithstanding any provision of law to the contrary, bonds, issued pursuant to statute or city charter, may be in the form of coupon bonds or registered bonds, or some in the form of coupon bonds and some in the form of registered bonds, as provided in the proceedings for their issuance. (Added by Stats. 1949, Ch. 79.)
  172. 43886.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    This article applies to all coupon bonds and all other bonds payable to bearer.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 7. Registration [43880 - 43886] ( Article 7 added by Stats. 1949, Ch. 79. ) ## 43886. This article applies to all coupon bonds and all other bonds payable to bearer. (Added by Stats. 1949, Ch. 79.)
  173. 439.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. )

    Verify source ↗

    The Adjutant General must make rules for how the State Flag may be displayed, compile the flag laws and regulations, and the Department of General Services must print and sell copies of that compilation at cost.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 3. Display of Flags [430 - 439] ( Chapter 3 added by Stats. 1953, Ch. 170. ) ## 439. The Adjutant General shall, by regulation, prescribe rules regarding the times, places, and manner in which the State Flag may be displayed. He shall, periodically, compile the laws and regulations regarding the State Flag. Copies of the compilation shall be printed and made available to the public at cost by the Department of General Services. (Amended by Stats. 1965, Ch. 371.)
  174. 43900.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A city’s legislative body may destroy bonds still held by the city if the bonds were issued for municipal purposes, were executed but not sold, and the body decides their sale has become inexpedient and destruction is desirable.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. ) ## 43900. The legislative body of any city may destroy any bonds remaining in the possession of the city if: (a) The bonds were voted to be issued for municipal purposes. (b) The bonds have been executed but not sold and disposed of. (c) The sale and disposal of the bonds is deemed by the legislative body to have become inexpedient, and their destruction desirable. (Added by Stats. 1949, Ch. 79.)
  175. 43901.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must give public notice before destroying the bonds.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. ) ## 43901. The legislative body shall give notice of its intention to destroy the bonds by publication of a notice for four successive weeks in the official newspaper of the city, if there is one, or if there is none, in any newspaper designated by the legislative body published and circulated in the city. (Added by Stats. 1949, Ch. 79.)
  176. 43902.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    A notice about destroying unsold bonds must state the time and place, the reason, and a general description of the bonds’ character and amount.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. ) ## 43902. The notice shall state: (a) The time and place of the destruction. (b) The reason for the destruction. (c) A general description of the character and amount of the bonds. (Added by Stats. 1949, Ch. 79.)
  177. 43903.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The legislative body must publicly destroy the bonds at the noticed time and place unless timely written objections are filed with the city clerk.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. ) ## 43903. At the time and place stated in the notice, the legislative body shall publicly destroy the bonds unless at least three days before the designated time, written objections to the destruction are filed with the city clerk, signed by a majority of the city voters as shown by the vote cast at the last preceding general municipal election. (Added by Stats. 1949, Ch. 79.)
  178. 43904.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. )

    Verify source ↗

    The city may not issue another set of bonds to replace destroyed bonds unless the people vote to authorize it again.

    ## Government Code - GOV ## TITLE 4. GOVERNMENT OF CITIES [34000 - 45345] ( Title 4 added by Stats. 1949, Ch. 79. ) ## DIVISION 4. FINANCIAL PROVISIONS [43000 - 43904] ( Division 4 added by Stats. 1949, Ch. 79. ) ## CHAPTER 4. Bonds [43600 - 43904] ( Chapter 4 added by Stats. 1949, Ch. 79. ) ## ARTICLE 8. Destruction of Unsold Bonds [43900 - 43904] ( Article 8 added by Stats. 1949, Ch. 79. ) ## 43904. No other issue of bonds in place of those destroyed shall be made by the city, unless again authorized by a vote of the people. (Added by Stats. 1949, Ch. 79.)
  179. 440.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Seal of the Senate [440 - 442] ( Chapter 4 added by Stats. 1968, Ch. 293. )

    Verify source ↗

    The general design and details of the California Senate Seal must substantially match the representation shown in the section, except for colors.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Seal of the Senate [440 - 442] ( Chapter 4 added by Stats. 1968, Ch. 293. ) ## 440. The general design and details of the Seal of the Senate of the State of California, excluding colors, shall correspond substantially with the following representation thereof: * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * NOTICE OF INCOMPLETE TEXT: The Senate Seal appears in the hard-copy publication of the chaptered bill. See Chapter 293, page 654, Statutes of 1968. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * (Added by Stats. 1968, Ch. 293. Note: The Senate Seal appears in Ch. 293 on page 654 in Vol. 1 of the 1968 Statutes publication.)
  180. 4400.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 1. General Provisions [4400 - 4401] ( Article 1 added by Stats. 1949, Ch. 1105. )

    Verify source ↗

    This chapter is named the “Emergency Termination of Public Contracts Act.”

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 1. General Provisions [4400 - 4401] ( Article 1 added by Stats. 1949, Ch. 1105. ) ## 4400. This chapter shall be known and cited as the “Emergency Termination of Public Contracts Act.” (Added by Stats. 1949, Ch. 1105.)
  181. 4401.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 1. General Provisions [4400 - 4401] ( Article 1 added by Stats. 1949, Ch. 1105. )

    Verify source ↗

    “Public agency” includes the State and specified state and local public bodies in this chapter.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 1. General Provisions [4400 - 4401] ( Article 1 added by Stats. 1949, Ch. 1105. ) ## 4401. “Public agency,” as used in this chapter, includes the State, its various commissions, boards and departments and any county, city, district or state agency authorized to enter into contracts for public work. (Added by Stats. 1949, Ch. 1105.)
  182. 441.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Seal of the Senate [440 - 442] ( Chapter 4 added by Stats. 1968, Ch. 293. )

    Verify source ↗

    If the Senate Seal is prepared in color, this section specifies the exact colors to use for each part of the seal.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Seal of the Senate [440 - 442] ( Chapter 4 added by Stats. 1968, Ch. 293. ) ## 441. When the Seal of the Senate is prepared in color, the following colors shall be used: The outer circle and the words “Seal of the Senate of the State of California” shall be Popcorn, Cable No. 70203; the second circle and the shadow of each letter shall be Tobacco, Cable No. 70095; the third circle shall be Ivory, Cable No. 70002; the field of the seal shall be Forget-me-not, Cable No. 70012; the oak leaves shall be Evergreen, Cable No. 70036 with veins of Crab Apple, Cable No. 70149, Reseda, Cable No. 70035 with veins of Evergreen, Cable No. 70036, Mosstone, Cable No. 70155 with veins of Scarlet, Cable No. 70080, and Olive, Cable No. 70156 with veins of Mosstone, Cable No. 70155; the scroll shall be shades of Champagne, Cable No. 70091 and Oakwood, Cable No. 70094; the word “Legis,” the flourish, and “MDCCCL” shall be Oakwood, Cable No. 70094; the roller knobs shall be shades of Tobacco, Cable No. 70095 and Champagne, Cable No. 70091; the quill shall be shades of Purple, Cable No. 70060 and Homage Blue, Cable No. 70078; the acorns shall be shades of Caramel Brown, Cable No. 70120 and Burnished Straw, Cable No. 70117. All Cable number colors herein specified are those of the Textile Color Card Association of the United States, Inc., New York. (Added by Stats. 1968, Ch. 293.)
  183. 4410.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 2. Voluntary Termination [4410 - 4412] ( Article 2 added by Stats. 1949, Ch. 1105. )

    Verify source ↗

    If a national emergency stops contracted public work because materials, equipment, or labor are frozen or diverted, the public agency and contractor may terminate the contract by written agreement.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 2. Voluntary Termination [4410 - 4412] ( Article 2 added by Stats. 1949, Ch. 1105. ) ## 4410. In the event a national emergency occurs, and public work, being performed by contract, is stopped, directly or indirectly, because of the freezing or diversion of materials, equipment or labor, as the result of an order or a proclamation of the President of the United States, or of an order of any federal authority, and the circumstances or conditions are such that it is impracticable within a reasonable time to proceed with a substantial portion of the work, then the public agency and the contractor may, by written agreement, terminate said contract. (Added by Stats. 1949, Ch. 1105.)
  184. 4411.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 2. Voluntary Termination [4410 - 4412] ( Article 2 added by Stats. 1949, Ch. 1105. )

    Verify source ↗

    A termination agreement must state the termination terms and any compensation or money to be paid, and compensation is based on the reasonable value of the work done unless a separate completed item has its own contract price.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 2. Voluntary Termination [4410 - 4412] ( Article 2 added by Stats. 1949, Ch. 1105. ) ## 4411. Such an agreement shall include the terms and conditions of the termination of the contract and provision for the payment of compensation or money, if any, which either party shall pay to the other or any other person, under the facts and circumstances in the case. Compensation to the contractor shall be determined on the basis of the reasonable value of the work done, including preparatory work. As an exception to the foregoing, in the case of any fully completed separate item or portion of the work for which there is a separate contract price, the contract price shall control. The parties may in any other case adopt the contract price as the reasonable value of the work done or any portion thereof. (Added by Stats. 1949, Ch. 1105.)
  185. 4412.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 2. Voluntary Termination [4410 - 4412] ( Article 2 added by Stats. 1949, Ch. 1105. )

    Verify source ↗

    A public agency may include detailed termination terms in public works contract specifications, and the contractor may be entitled to terminate the contract on specified Section 4410-type conditions.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Emergency Termination of Public Contracts [4400 - 4412] ( Chapter 5 added by Stats. 1949, Ch. 1105. ) ## ARTICLE 2. Voluntary Termination [4410 - 4412] ( Article 2 added by Stats. 1949, Ch. 1105. ) ## 4412. It shall be competent for any public agency to provide in the specifications for any public works contract detailed provisions as to the conditions under which the contractor shall be entitled, as a matter of right, to termination of the contract on account of conditions such as are described in Section 4410 and as to the terms of such termination. (Added by Stats. 1949, Ch. 1105.)
  186. 442.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Seal of the Senate [440 - 442] ( Chapter 4 added by Stats. 1968, Ch. 293. )

    Verify source ↗

    Use of the Senate seal must follow the Senate’s rules; using reproductions or facsimiles of the seal maliciously, commercially, or against those rules is a misdemeanor.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 4. Seal of the Senate [440 - 442] ( Chapter 4 added by Stats. 1968, Ch. 293. ) ## 442. The use of the Seal of the Senate shall be as prescribed by the Rules of the Senate. Every person who maliciously or for commercial purposes or contrary to the Rules of the Senate uses or allows to be used any reproduction or facsimile of the Seal of the Senate in any manner whatsoever is guilty of a misdemeanor. (Added by Stats. 1968, Ch. 293.)
  187. 4420.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. )

    Verify source ↗

    This section limits what state and local agencies can require from bidders on competitively bid public building or construction contracts, but it allows owner-controlled or wrap-up insurance for large construction or renovation programs if specific conditions are met.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. ) ## 4420. (a) No state or local governmental agency and no person acting on behalf of any state or local governmental agency, except a governmental agency created pursuant to agreement or compact with another state, shall, with respect to any public building or construction contract that is about to be or that has been competitively bid, require the bidder to make application to, furnish financial data to, or obtain or procure any surety bond or contract of insurance specified in connection with the contract or specified by any law, ordinance, or regulation from, a particular surety or insurance company, agent, or broker. (b) Notwithstanding subdivision (a), a state or local governmental agency may use owner-controlled or wrap-up insurance with regard to a construction or renovation program for which the total cost exceeds fifty million dollars ($50,000,000) if the agency meets all of the following conditions and certifies that it has made the following determinations: (1) Prospective bidders, including contractors and subcontractors, meet minimum occupational safety and health qualifications established to bid on the project. The evaluation of prospective bidders shall be based on consideration of the following factors: (A) Serious and willful violations of Part 1 (commencing with Section 6300) of Division 5 of the Labor Code, by a contractor or subcontractor during the past five-year period. (B) The contractor’s or subcontractor’s workers’ compensation experience modification factor. (C) A contractor’s or subcontractor’s injury prevention program instituted pursuant to Section 3201.5 or 6401.7 of the Labor Code. (2) The use of owner-controlled or wrap-up insurance will minimize the expenditure of public funds on the project in conjunction with the exercise of appropriate risk management. (3) The program maintains completed operation coverage for a term for which the Insurance Commissioner has determined that coverage is reasonably commercially available, but in no event less than three years. (4) Bid specifications clearly specify for all bidders the insurance coverage provided under the program and minimum safety requirements that must be met. (5) The program does not prohibit a contractor or subcontractor from purchasing any additional insurance coverage that a contractor or subcontractor believes is necessary to protect from any liability arising out of the contract. (6) The program does not include surety insurance. (c) Safety requirements for a project subject to this section may be developed jointly between the agency and the prime contractor. If the agency requires a safety program different than the prime contractor’s usual and customary program, the program shall be mutually agreed upon, taking into account the prime contractor’s experience, expertise, existing labor agreements relating to safety issues, and any unique safety issues relating to the project. (d) This section shall not affect any provision in a collective bargaining agreement specified in Section 3201.5 of the Labor Code that is submitted by the prime contractor with its construction bid. (e) The use of owner-controlled or wrap-up insurance under this chapter does not abrogate, limit, or otherwise affect any potential liability that is otherwise available at law. (f) For purposes of this section, the following terms have the following meanings: (1) “Owner-controlled or wrap-up insurance” means a series of insurance policies issued to cover all of the contractors and subcontractors on a given project for purposes of general liability and workers’ compensation. (2) “State governmental agency” means any state office, officer, department, division, bureau, board, commission, the University of California, or the California State University. (3) “Local governmental agency” means any city, county, city and county, special district, authority, or other political subdivision of or within the state. (Amended by Stats. 2000, Ch. 763, Sec. 2. Effective January 1, 2001.)
  188. 4420.5.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. )

    Verify source ↗

    School districts and community college districts are exempt from Section 4420 for construction or renovation projects, and may use owner-controlled or wrap-up insurance if specified safety and cost findings are made.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. ) ## 4420.5. (a) Section 4420 does not apply to any construction or renovation project undertaken by a school district or community college district. (b) The district may use owner-controlled or wrap-up insurance with regard to a construction or renovation project if the district makes the following determinations: (1) Prospective bidders, including contractors and subcontractors, meet minimum occupational safety and health qualifications established to bid on the project. The evaluation of prospective bidders shall be based on consideration of the following factors: (A) Serious and willful violations of Part 1 (commencing with Section 6300) of Division 5 of the Labor Code, by a contractor or subcontractor during the past five-year period. (B) The contractor’s or subcontractor’s workers’ compensation experience modification factor. (C) A contractor’s or subcontractor’s injury prevention program instituted pursuant to Section 3201.5 or 6401.7 of the Labor Code. (2) The use of owner-controlled or wrap-up insurance will minimize the expenditure of public funds on the project in conjunction with the exercise of appropriate risk management. (c) For purposes of this section, “owner-controlled or wrap-up insurance” means a series of insurance policies issued to cover all of the contractors and subcontractors on a given project for purposes of general liability and workers’ compensation. (d) Any use of owner-controlled or wrap-up insurance pursuant to this section shall be subject to paragraphs (3) to (6), inclusive, of subdivision (b) of Section 4420 and subdivisions (c) and (d) of that section. (Amended (as amended by Stats. 1999, Ch. 521) by Stats. 2001, Ch. 734, Sec. 72. Effective October 11, 2001.)
  189. 4420.8.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. )

    Verify source ↗

    A state agency may use owner-controlled or wrap-up insurance for a public works project only if the listed conditions are met.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. ) ## 4420.8. (a) Notwithstanding subdivision (b) of Section 4420, commencing January 1, 1999, a state agency may utilize owner-controlled or wrap-up insurance programs if all of the following conditions are met: (1) The total cost of the public works project is over one hundred twenty-five million dollars ($125,000,000). (2) The program maintains completed operation coverage for a term for which the Insurance Commissioner has determined that coverage is reasonably commercially available, but in no event less than three years. (3) Bid specifications clearly specify for all bidders the insurance coverage provided under the program, and minimum safety requirements that must be met. (4) The program does not prohibit a contractor or subcontractor from purchasing any additional insurance coverage that a contractor or subcontractor believes is necessary to protect themselves from any liability arising out of the contract. (5) The program does not include surety insurance. (b) Safety requirements for a public works project subject to this subdivision may be developed jointly between a state agency and the prime contractor. In the event that a state agency requires a safety program different than the prime contractor’s usual and customary program, the program shall be mutually agreed upon, taking into account the prime contractor’s experience, expertise, existing labor agreements relating to safety issues, and any unique safety issues relating to the project. (c) This subdivision shall not affect any provision in a collective bargaining agreement specified in Section 3201.5 of the Labor Code that is submitted by the prime contractor with its construction bid. (d) For purposes of this section, “owner-controlled or wrap-up insurance” means a series of insurance policies issued to cover all of the contractors and subcontractors on a given project for purposes of general liability and workers’ compensation. (e) For purposes of this section, “public works project” means construction being performed at one site or at a series of contiguous sites separated only by a street, roadway, waterway, or railroad right-of-way, or along a continuous system for the provision of water and power. (Added by Stats. 1998, Ch. 679, Sec. 1. Effective January 1, 1999.)
  190. 4421.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. )

    Verify source ↗

    This section preserves an officer’s or employee’s right to approve the form, sufficiency, or execution of required surety bonds or insurance contracts.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. ) ## 4421. This chapter shall not prevent the exercise by such officer or employee on behalf of the state or such public agency or public authority of the right to approve the form, sufficiency, or manner of execution of the surety bonds or contracts of insurance furnished by the surety or insurance company selected by the bidder to underwrite said bonds or contracts of insurance. (Added by Stats. 1967, Ch. 1665.)
  191. 4422.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. )

    Verify source ↗

    Contract or bid provisions that conflict with this chapter are declared contrary to California public policy.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 6. Unfair and Coercive Insurance Requirements [4420 - 4422] ( Chapter 6 added by Stats. 1967, Ch. 1665. ) ## 4422. All provisions in any invitation for bids, or in any of the contract documents, in conflict with this chapter are hereby declared to be contrary to the public policy of this state. (Added by Stats. 1967, Ch. 1665.)
  192. 445.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Seal of the Assembly [445 - 447] ( Chapter 5 added by Stats. 1968, Ch. 512. )

    Verify source ↗

    The Assembly Seal’s general design and details must substantially match the referenced representation, except for colors.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 2. STATE SEAL, FLAG, AND EMBLEMS [399 - 447] ( Division 2 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 5. Seal of the Assembly [445 - 447] ( Chapter 5 added by Stats. 1968, Ch. 512. ) ## 445. The general design and details of the Seal of the Assembly of the State of California, excluding colors, shall correspond substantially with the following representation thereof: * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * NOTICE OF INCOMPLETE TEXT: The Assembly Seal appears in the hard-copy publication of the chaptered bill. See Chapter 512, page 1156, Statutes of 1968. * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * (Added by Stats. 1968, Ch. 512. Note: The Assembly Seal appears in Ch. 512 on page 1156 in Vol. 1 of the 1968 Statutes publication.)
  193. 4450.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

    Verify source ↗

    The State Architect must develop accessibility-related building standards and regulations, consult specified groups, and not set a lower accessibility standard than federal guidelines; a later deadline required submission of proposed amendments to the U.S. Department of Justice.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4450. (a) It is the purpose of this chapter to ensure that all buildings, structures, sidewalks, curbs, and related facilities, constructed in this state by the use of state, county, or municipal funds, or the funds of any political subdivision of the state shall be accessible to and usable by persons with disabilities. (b) The State Architect shall develop and submit proposed building standards to the California Building Standards Commission for approval and adoption pursuant to Chapter 4 (commencing with Section 18935) of Part 2.5 of Division 13 of the Health and Safety Code and shall develop other regulations for making buildings, structures, sidewalks, curbs, and related facilities accessible to and usable by persons with disabilities. The regulations and building standards relating to access for persons with disabilities shall be consistent with the standards for buildings and structures that are contained in pertinent provisions of the latest edition of the selected model code, as adopted by the California Building Standards Commission, and these regulations and building standards shall contain additional requirements relating to buildings, structures, sidewalks, curbs, and other related facilities the State Architect determines are necessary to assure access and usability for persons with disabilities. In developing and revising these additional requirements, the State Architect shall consult with the Department of Rehabilitation, the League of California Cities, the California State Association of Counties, and at least one private organization representing and comprised of persons with disabilities. (c) In no case shall the State Architect’s regulations and building standards prescribe a lesser standard of accessibility or usability than provided by the Accessibility Guidelines prepared by the federal Access Board as adopted by the United States Department of Justice to implement the Americans with Disabilities Act of 1990 (Public Law 101-336). (d) On or before December 31, 2010, the Division of the State Architect shall prepare and submit to the United States Department of Justice for certification proposed amendments to Part 2 of Title 24 of the California Code of Regulations that would ensure California’s building standards for disability access in commercial occupancies are consistent with the federal regulations cited in subdivision (c). (Amended by Stats. 2008, Ch. 549, Sec. 5. Effective January 1, 2009.)
  194. 4450.5.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

    Verify source ↗

    State Architect regulations under Section 4450 must require handicapped parking spaces to be identified as specified in the Vehicle Code.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4450.5. The State Architect’s regulations adopted pursuant to Section 4450 shall require that all parking spaces reserved for the handicapped be identified as prescribed by Sections 22511.7 and 22511.8 of the Vehicle Code. (Added by Stats. 1984, Ch. 484, Sec. 1.)
  195. 4451.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

    Verify source ↗

    This section limits the chapter’s coverage to certain public buildings and requires accessible design and signage compliance for covered facilities, with a narrow exception power for administrative authorities.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4451. (a) Except as otherwise provided in this section, this chapter shall be limited in its application to all buildings and facilities stated in Section 4450 intended for use by the public, with any reasonable availability to, or usage by, persons with disabilities, including all facilities used for education and instruction, including the University of California, the California State University, and the various community college districts, that are constructed in whole or in part by the use of state, county, or municipal funds, or the funds of any political subdivision of the state. (b) When required by federal or state law, buildings, structures, and facilities, or portions thereof, that are leased, rented, contracted, sublet, or hired by any municipal, county, or state division of government, or special district shall be made accessible to, and usable by, persons with disabilities. (c) Except as otherwise provided by law, buildings, structures, sidewalks, curbs, and related facilities subject to the provisions of this chapter or Part 5.5 (commencing with Section 19955) of Division 13 of the Health and Safety Code shall conform to the building standards published in the California Building Standards Code relating to access for persons with disabilities and the other regulations adopted pursuant to Section 4450 that are in effect on the date of an application for a building permit. With respect to buildings, structures, sidewalks, curbs, and related facilities not requiring a building permit, building standards published in the California Building Standards Code relating to access for persons with disabilities and other regulations adopted pursuant to Section 4450, and in effect at the time construction is commenced shall be applicable. (d) Until building standards are published in the California Building Standards Code and other regulations are developed by the State Architect and adopted by the California Building Standards Commission pursuant to Section 4450, buildings, structures, sidewalks, curbs, and related facilities subject to the provisions of this chapter or Part 5.5 (commencing with Section 19955) of Division 13 of the Health and Safety Code shall meet or exceed the requirements of Title III of Subpart D of the federal Americans with Disabilities Act of 1990. (e) This chapter shall apply to temporary or emergency construction as well as permanent buildings. (f) Administrative authorities, as designated under Section 4453, may grant exceptions from the literal requirements of the building standards published in the California Building Standards Code relating to access for persons with disabilities, or the other regulations adopted pursuant to this section, or permit the use of other methods or materials, but only when it is clearly evident that equivalent facilitation and protection that meets or exceeds the requirements under federal law are thereby secured. (g) The Department of General Services shall develop, as appropriate, regulations to ensure that braille, tactile, or visual signage for elevators, rooms, spaces, functions, and directional information is installed as required by Section 4450 and shall develop and implement an effective training program to ensure compliance with all disability access requirements. (Amended by Stats. 2000, Ch. 989, Sec. 2. Effective January 1, 2001.)
  196. 4452.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

    Verify source ↗

    Buildings covered by this chapter must meet the listed accessibility standards, and any unauthorized deviation must be corrected within 90 days after it is discovered.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4452. It is the intent of the Legislature that the building standards published in the State Building Standards Code relating to access by the physically handicapped and the other regulations adopted by the State Architect pursuant to Section 4450 shall be used as minimum requirements to insure that buildings, structures and related facilities covered by this chapter are accessible to, and functional for, the physically handicapped to, through, and within their doors, without loss of function, space, or facility where the general public is concerned. Any unauthorized deviation from such regulations or building standards shall be rectified by full compliance within 90 days after discovery of the deviation. (Amended by Stats. 1979, Ch. 1152.)
  197. 4453.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

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    This section assigns enforcement responsibility for the chapter to different public authorities depending on which funds are used.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4453. The responsibility for enforcement of this chapter shall be as follows: (a) By the Director of the Department of General Services where state funds are utilized for any project or where funds of counties, municipalities, or other political subdivisions are utilized for the construction of elementary, secondary, or community college projects. (b) By the governing bodies thereof where funds of counties, municipalities, or other political subdivisions are utilized except as otherwise provided in (a) above. (Amended by Stats. 1978, Ch. 326.)
  198. 4453.5.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

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    The section allows voluntary accessibility inspections of certain public state and school district buildings and requires reporting and corrective planning if noncompliance is found.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4453.5. (a) In addition to any other inspection requirements pertaining to building standards of state and school district buildings used by the public, the construction of which are under the jurisdiction of the Office of the State Architect in the Department of General Services, accessibility to persons with handicaps may be inspected pursuant to subdivision (b) in state and school district buildings used by the public in order to determine if the building meets minimum state standards for accessibility to handicapped persons. (b) Inspection and approval may be made on a voluntary basis by one or more persons who have physical disabilities or who represent the interests of physically disabled persons, who are familiar with the California access laws and standards, and who have been chosen by the Department of Rehabilitation. The Department of Rehabilitation may assign these volunteers to inspect those state and school district buildings used by the public specified in subdivision (a). If the volunteer inspector finds that a building does not meet minimum state standards for accessibility to handicapped persons, the volunteer shall report this information to the Department of Rehabilitation, which shall in turn report the information to the school district if a school building is involved, to the owning agencies if a state building is involved, and to the Office of the State Architect. When, after receipt of this information, the Office of the State Architect confirms that the building does not meet minimal state standards for accessibility to handicapped persons, the Office of the State Architect shall develop a plan to be filed with the jurisdiction owning the building that addresses the correction of the identified deficiencies. (c) The provisions of this section shall only pertain to state and school district buildings used by the public for which building plans have been filed with the Office of the State Architect on or after January 1, 1985. (Added by Stats. 1983, Ch. 1246, Sec. 2.)
  199. 4454.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

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    This section requires written approval before certain publicly funded building and facility contracts can be awarded, sets who may issue approval for some transportation facilities, and requires application materials, fees in some cases, and agency consultation.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4454. (a) Where state funds are utilized for any building or facility subject to this chapter, or where funds of counties, municipalities, or other political subdivisions are utilized for the construction of elementary school, secondary school, or community college buildings and facilities subject to this chapter, no contract shall be awarded until the Department of General Services has issued written approval stating that the plans and specifications comply with the intent of this chapter. (b) Notwithstanding subdivision (a), for all transportation facilities, other than rail or transit stations, located within state highway rights-of-way, the Department of Transportation is authorized to issue the required written approval stating that the plans and specifications comply with intent of this chapter. If the Department of General Services, Division of the State Architect, establishes a certified access specialist program, as described in Section 4459.5, specific to standards governing access to transportation facilities, the Department of Transportation shall within 180 days of establishment of the program begin using engineers certified through that program to verify that the Department of Transportation’s standards, guidelines, and design exceptions comply with the intent of this chapter. (c) In each case the application for approval shall be accompanied by the plans and full, complete, and accurate specifications, which shall comply in every respect with any and all requirements prescribed by the Department of General Services. (d) Except for facilities located within state highway rights-of-way, other than rail or transit stations, the application shall be accompanied by a filing fee in amounts as determined by the Department of General Services. All fees shall be deposited into the Access for Handicapped Account, which is hereby renamed the Disability Access Account as of July 1, 2001, and established in the General Fund. Notwithstanding Section 13340, the account is continuously appropriated for expenditures for the use of the Department of General Services, in carrying out the department’s responsibilities under this chapter and Chapter 13 (commencing with Section 14985) of Part 5.5 of Division 3 of Title 2. (e) The Department of General Services shall consult with the Department of Rehabilitation in identifying the requirements necessary to comply with this chapter. (f) The Department of General Services, Division of the State Architect, shall include the cost of carrying out the responsibilities identified in this chapter as part of the plan review costs in determining fees. (Amended by Stats. 2024, Ch. 41, Sec. 22. (SB 164) Effective June 29, 2024.)
  200. 4454.5.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. )

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    Some school-district and community-college-district residential housing is exempt from Department of General Services plan approval; but the Department must approve plans for a community college student residence when the community college district requests it.

    ## Government Code - GOV ## TITLE 1. GENERAL [100 - 7931.000] ( Title 1 enacted by Stats. 1943, Ch. 134. ) ## DIVISION 5. PUBLIC WORK AND PUBLIC PURCHASES [4000 - 4563] ( Division 5 enacted by Stats. 1943, Ch. 134. ) ## CHAPTER 7. Access to Public Buildings by Physically Handicapped Persons [4450 - 4461] ( Chapter 7 added by Stats. 1968, Ch. 261. ) ## 4454.5. (a) (1) A building or facility otherwise subject to this chapter that is used or intended to be used by a school district or community college district as residential housing is exempt from the requirement for approval of plans and specifications by the Department of General Services pursuant to Section 4454. (2) The Department of General Services shall approve plans and specifications for a residence for students attending a campus of a community college upon a request by the community college district, pursuant to Section 4454. (b) As used in this section, “residential housing” means any building used as a personal residence by a teacher or employee of a school district or community college district, with the teacher’s or employee’s family, if applicable, and any building used as a residence for students attending a campus of a community college district. (Amended by Stats. 2023, Ch. 83, Sec. 2. (AB 358) Effective January 1, 2024.)

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