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Education Code - EDC - EDC § 92472
Education Code - EDC - EDC § 92472
The validity of the authorization and issuance of any revenue bonds by the regents is not dependent on nor affected in any way by any of the following: (a) Proceedings taken by the regents for the acquisition, construction, or completion of any project or any part of any project.
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Education Code - EDC - EDC § 92473
Education Code - EDC - EDC § 92473
Before issuing any bond or bonds pursuant to this chapter, the regents shall by resolution declare the purpose for which the proceeds of the bonds proposed to be issued shall be expended and shall specify the maximum amount of bonds to be issued or sold for such purpose. Bonds sh
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Education Code - EDC - EDC § 92474
Education Code - EDC - EDC § 92474
The regents may provide for one or several issues of bonds and may issue bonds in series or may divide any issue into one or more divisions and fix different maturities or dates of such bonds, different rates of interest, or prescribe different terms and conditions for the bonds
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Education Code - EDC - EDC § 92475
Education Code - EDC - EDC § 92475
Bonds may be issued as coupon bonds or as registered bonds. The regents may provide for the interchange of coupon bonds for registered bonds and registered bonds for coupon bonds, and may provide that the bonds shall be registered as to principal only, or as to both principal and
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Education Code - EDC - EDC § 92476
Education Code - EDC - EDC § 92476
Bonds shall bear interest at a rate of not to exceed 12 percent per annum, payable annually or semiannually, or in part annually and in part semiannually.
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Education Code - EDC - EDC § 92477
Education Code - EDC - EDC § 92477
Bonds may be callable upon such terms, conditions, and upon such notice as the regents may determine, and upon the payment of such premium as may be fixed by the regents in the proceedings for the issuance of the bonds. No bond is subject to call or redemption prior to its fixed
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Education Code - EDC - EDC § 92478
Education Code - EDC - EDC § 92478
The regents may provide for the payment of the principal and interest of bonds at any place within or without the state, and in specified coin or currency of the United States.
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Education Code - EDC - EDC § 92479
Education Code - EDC - EDC § 92479
The regents may provide for the execution and authentication of bonds by the manual, lithographed, or printed facsimile signature of officers of the regents and by additional authentication by a trustee or fiscal agent appointed by the regents. If any of the officers whose signat
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Education Code - EDC - EDC § 92480
Education Code - EDC - EDC § 92480
Bonds shall bear dates prescribed by the regents. Bonds may be serial bonds or sinking fund bonds with such maturities as the regents may determine. No bond by its terms shall mature in more than 50 years from its own date and, in the event any authorized issue is divided into tw
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Education Code - EDC - EDC § 92481
Education Code - EDC - EDC § 92481
Bonds may be sold at either public or private sale. The regents may fix terms and conditions for the sale or other disposition of any authorized issue of bonds. The regents may sell bonds at less than their par or face value, but no bond may be sold at a price below the par or fa
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Education Code - EDC - EDC § 92482
Education Code - EDC - EDC § 92482
The regents may provide for the security of bonds. The regents may use and expend all or any part of any funds or proceeds of any property owned by it, whether received by gift, appropriation or otherwise, if not restricted as to the use of such funds or proceeds of property by t
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Education Code - EDC - EDC § 92483
Education Code - EDC - EDC § 92483
All costs and expenses incident to the issuance and sale of bonds may be paid out of the proceeds of the sale of the bonds. Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction,
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Education Code - EDC - EDC § 92484
Education Code - EDC - EDC § 92484
The regents may provide that the bonds and the interest on the bonds shall be secured by all or by part of revenues of a project upon the basis of which revenue bonds are issued or authorized to be issued, and shall constitute such lien upon the revenues of such project as may be
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Education Code - EDC - EDC § 92485
Education Code - EDC - EDC § 92485
Pending the actual issuance or delivery of revenue bonds, the regents may issue temporary or interim bonds, certificates, or receipts of any denominations whatsoever, and with or without coupons, to be exchanged for definitive bonds when ready for delivery.
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Education Code - EDC - EDC § 92486
Education Code - EDC - EDC § 92486
The regents may provide for the replacement of lost, destroyed, or mutilated bonds, or coupons.
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Education Code - EDC - EDC § 92487
Education Code - EDC - EDC § 92487
Bonds issued pursuant to this chapter and the interest or income from such bonds, are exempt from all taxation in this state other than gift, inheritance, and estate taxes.
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Education Code - EDC - EDC § 92488
Education Code - EDC - EDC § 92488
The regents may designate a bank or trust company, qualified to do business in this state, as a trustee for the regents and the holders of bonds issued pursuant to this chapter, and may authorize the trustee to act on behalf of the holders of the bonds, or any stated percentage o
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Education Code - EDC - EDC § 92489
Education Code - EDC - EDC § 92489
The regents may fix and determine the conditions upon which any trustee shall receive, hold, or disburse any or all revenues deposited with it by or by authority of the regents. The regents shall prescribe the duties and powers of any such trustee with respect to the issuance, au
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Education Code - EDC - EDC § 92490
Education Code - EDC - EDC § 92490
All bonds issued pursuant to this chapter are negotiable instruments, except when registered in the name of a registered owner.
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Education Code - EDC - EDC § 92491
Education Code - EDC - EDC § 92491
Except as provided otherwise in any indenture, the holder of any bond issued pursuant to this chapter may, by mandamus or other appropriate proceeding, require and compel the performance of any of the duties imposed upon the regents or upon any official or employee or assumed by
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Education Code - EDC - EDC § 92492
Education Code - EDC - EDC § 92492
Notwithstanding any other provision of law, all bonds sold and delivered pursuant to this chapter are legal investments for all trust funds and for the funds of all insurance companies, banks, both commercial and savings, trust companies, the state school funds, and any public or
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Education Code - EDC - EDC § 92493
Education Code - EDC - EDC § 92493
(a) (1) The University of California may pledge, along with its other revenues, its annual General Fund support appropriation less the amount of that appropriation that is required to fund general obligation bond payments and the State Public Works Board rental payments, to secur
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Education Code - EDC - EDC § 92494
Education Code - EDC - EDC § 92494
(a) The University of California may fund pay-as-you-go capital outlay projects from its General Fund support appropriation pursuant to Sections 92495 and 92495.5. (b) For purposes of this section, “capital outlay project” means both of the following: (1) The costs to design, con
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Education Code - EDC - EDC § 92495
Education Code - EDC - EDC § 92495
(a) (1) Commencing with the 2013–14 fiscal year and for each fiscal year thereafter, if the University of California plans to use any of its support appropriation in the annual budget for the subsequent fiscal year for capital expenditures pursuant to Section 92493, as defined in
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Education Code - EDC - EDC § 92495.5
Education Code - EDC - EDC § 92495.5
The university shall manage its general revenue bond program and the payments referenced in Section 92493, in a manner so that not more than 15 percent of its General Fund support appropriation, less the amount of that appropriation that is required to fund general obligation bon