California · Health and Safety Code - HSC
HSC §4992: In the ordinance authorizing the issuance of the bonds, provision may be made, but are not limited to provisions: (a) That all or part of the bonds are callable, the manner of the call and the premium
Read the full statutory text
In the ordinance authorizing the issuance of the bonds, provision may be made, but are not limited to provisions: (a) That all or part of the bonds are callable, the manner of the call and the premiums to be paid thereon; (b) That all or part of the bonds are payable at the office of a paying or fiscal agent, within or without the State, and for the payment of fees therefor; (c) For the pledge of revenues, its nature, and its parity with other sewer revenue bonds issued or to be issued; (d) For the percentage that annual net revenues shall bear to bond and interest payments; (e) For reserve, surplus and other funds usual in the issuance of revenue bonds; (f) For the duties and obligations of the district; (g) For the remedies of bondholders, which may be in addition to those provided herein; (h) For the manner of amending or abrogating the bond ordinance or refunding any or all bonds thereunder; (i) For occurrences in the event of default and the rights and remedies arising therefrom; and (j) For usual and customary covenants for the security and protection of the payment of the bonds.
Verify at the official source: California legislative text
Facing this? Know exactly what happens next.
MOFRD turns this code section into your situation: the deadlines that apply to you, the forms your county uses, and the resolution paths people in your position actually take. Free for 3 days — no card required.
This page is legal information, not legal advice. Code text is sourced from official publications and may lag amendments — always confirm at the official source linked above. Plain-English summaries and relationship data are AI-derived and reviewed on an ongoing basis; verify with a licensed attorney before acting.