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HomeGovernment CodeDiv. 1Pt. 1Ch. 3.5Art. 3§ 50762 Revenue Bond Contract Requirements

§ 50762 Revenue Bond Contract Requirements

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 50762 Revenue Bond Contract Requirements

Key Takeaways

  • •If the government builds something using money from special bonds, any contract for using that thing must follow the rules set when the bonds were sold.
  • •The government can raise fees or charges if they need more money to pay back the bonds.
  • •If you have a contract to use something built with bond money, your payments might go up if the government raises their fees.

Example

A company rents a government-owned building that was built using money from special bonds.

The company’s rent might go up if the government needs more money to pay back the bonds. The contract they signed must follow the rules from when the bonds were sold.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 50762 Revenue Bond Contract Requirements

Every contract entered into by the board for the use of any project or part thereof, acquired, constructed or completed from the proceeds of the sale of revenue bonds shall incorporate by reference the provisions of any indenture pursuant to which the bonds were issued. Every such contract or lease shall also refer to the provisions of this chapter with respect to the obligation of the board to fix rental fees and charges to meet the payments provided for in this chapter and in the proceedings for the issuance of revenue bonds and all payments required to be made to the board under such contract shall be subject to increase if and when the board is required to increase rates or charges to meet its obligations hereunder and under any indenture providing for the issuance of bonds. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

indentureagreementobligationcontractleaseissuancereference

Related Statutes

  • § 26362 Contract Bond Payment Requirements
  • § 54702.4 Bond Terms And Conditions
  • § 50731 Indenture Breach Clause Rights
  • § 50761 Concession Lease Terms
  • § 53808 Local Agency Revenue Certificates

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 50762.
View Official Source