CA Health & Safety Code Section 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 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.
Last Updated

Aug. 19, 2023

§ 4992’s source at ca​.gov