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HomeHealth and Safety CodeDiv. 24Pt. 13Ch. 3§ 37936 Bondholder Rights And Enforcement

§ 37936 Bondholder Rights And Enforcement

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 37936 Bondholder Rights And Enforcement

Key Takeaways

  • •People who own bonds (like special loans) can go to court to make sure the rules about those bonds are followed.
  • •They can force the local government or workers to do what they promised when they issued the bonds.
  • •This includes making sure fees or charges for the bonds are set and collected correctly.

Example

A city issues bonds to build a new park and promises to charge a small fee to maintain it. Later, the city stops collecting the fee.

The people who bought the bonds can take the city to court to make them start collecting the fee again, just like they promised.

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

Official Source
View on CA.gov

§ 37936 Bondholder Rights And Enforcement

Any holder of bonds issued under the provisions of this part or any of the coupons appertaining thereto, and the trustee or trustees appointed pursuant to any resolution authorizing the issuance of such bonds, except to the extent the rights thereof may be restricted by the resolution authorizing the issuance of the bonds, may, either at law or in equity, by suit, action, mandamus, or other proceedings, protect or enforce any and all rights specified in the laws of the state or in such resolution, and may enforce and compel the performance of all duties required by this part or by such resolution to be performed by the local agency or by any officer, employee, or agent thereof, including the fixing, charging, and collecting of rates, fees, interest, and charges authorized and required by the provisions of such resolution to be fixed, established, and collected. (Added by Stats. 1973, Ch. 1201.)

Last verified: January 23, 2026

Key Terms

resolutionagreementperformanceemployeeissuance

Related Statutes

  • § 44554 Bondholder Rights And Enforcement
  • § 34178 Redevelopment Agency Contracts Void
  • § 37932 Bond Terms And Conditions
  • § 37935 Bond Security Trust Agreements
  • § 4840 Joint Sanitation District Administration

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 37936.
View Official Source