Public Utilities Code section 103500
(a)
The purposes for which the proposed debt is to be incurred, which may include all costs and estimated costs incidental to or connected with the accomplishment of such purposes, including, without limitation, engineering, inspection, legal, fiscal agents, financial consultant and other fees, bond and other reserve funds, working capital, bond interest estimated to accrue during the construction period and for a period not to exceed three years thereafter, and expenses of all proceedings for the authorization, issuance, and sale of the bonds.(b)
The estimated cost of accomplishing such purposes.(c)
The amount of the principal of the indebtedness.(d)
The maximum term the bonds proposed to be issued shall run before maturity, which shall not exceed 50 years from the date thereof or the date of each series thereof.(e)
The maximum rate of interest to be paid, which shall not exceed 7 percent per annum.(f)
The proposition to be submitted to the voters, which may include one or more purposes.(g)
The date of the election.(h)
The manner of holding the election and the procedure for voting for or against the measure.(i)
The ordinance may also contain, a statement that the transaction and use tax imposed pursuant to Article 10 (commencing with Section 103350) of Chapter 5, or a stated portion thereof, shall be levied, or continued to be levied, and used to the extent required to pay the principal of, and interest on, the bonds as they become due, to provide for any sinking fund payments required therefor, or to create or maintain any reserve fund required therefor.(j)
The ordinance may also contain any other matters authorized by this part or any other law.
Source:
Section 103500, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PUC§ionNum=103500. (updated Jan. 1, 1974; accessed Jun. 25, 2025).
