California Government Code 53808 – Any resolutions authorizing the issue of certificates may contain …
Any resolutions authorizing the issue of certificates may contain provisions which are part of the contract with the investing agency as to:
(a) Pledging all or any of the revenues, rentals, or receipts of the local agency from specific properties.
Terms Used In California Government Code 53808
- Board: means the legislative body of the local agency. See California Government Code 53800
- Construction: includes the extension, enlargement, repair, renovation, restoration, improvement, and equipping of any public building. See California Government Code 53800
- Contract: A legal written agreement that becomes binding when signed.
- Investing agency: means the Public Employees' Retirement System, as defined by Section 20004. See California Government Code 53800
- Local agency: means any county, city, or city and county. See California Government Code 53800
- Public building: includes any structure, building, facility, or work which a local agency is authorized to construct and automobile parking lots, landscaping, and other facilities, including equipment, incidental to the use of any building, and also includes the site thereof, and any easements or rights-of-way appurtenant thereto or necessary for its full use. See California Government Code 53800
(b) The construction or acquisition of any public building and the duties of the board with reference thereto.
(c) The terms and provisions of the certificates.
(d) Limitations on the purposes to which the proceeds of the certificates, then or thereafter to be issued may be applied.
(e) The rate of rentals and other charges for use of the public buildings of, or for the services rendered by, the board, including limitations upon the power of the board to modify any leases or other agreements pursuant to which any rentals or other charges are payable.
(f) The setting aside of reserves or sinking funds and the regulation and disposition of them.
(g) Limitations on the issuance of additional certificates.
(h) Any other agreements with the certificate holders.
(Added by Stats. 1959, Ch. 2070.)