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HomePublic Utilities CodeDiv. 10Pt. 2Ch. 10.5Art. 5§ 29702 Bond Election And Issuance Rules

§ 29702 Bond Election And Issuance Rules

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

§ 29702 Bond Election And Issuance Rules

Key Takeaways

  • •This law says that most rules for general obligation bonds apply to the bonds mentioned in this section.
  • •It covers how to call for a bond election, sell the bonds, pay interest, and handle lost or damaged bonds.
  • •Some specific rules (Sections 29150 to 29158) do not apply here.

Example

A city wants to build a new school and needs money, so they decide to issue bonds.

The city must follow the usual rules for bonds, like how to hold a vote, sell the bonds, and pay back the money. But they don’t have to follow the rules in Sections 29150 to 29158.

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

Official Source
View on CA.gov

§ 29702 Bond Election And Issuance Rules

Except as otherwise provided in this chapter, the provisions of Chapter 8 (commencing with Section 29150) relating to general obligation bonds with the exception of Sections 29150 to 29158, inclusive, shall substantially govern as to all matters pertaining to the manner of calling, giving notice and holding the bond election, the execution, issuance, sale, maturity, redemption, refunding and validation of the bonds authorized by this article, the payment of interest from bond funds, the status of the bonds as investments, the reissuance of bonds, notes, coupons or other evidence of indebtedness which have been lost, destroyed, damaged or mutilated, and past due bonds. (Added by Stats. 1965, Ch. 1495.)

Last verified: January 23, 2026

Key Terms

general obligation bondsbond electionexecutionissuancesalematurityredemptionrefundingvalidationinterest paymentinvestment statusreissuance

Related Statutes

  • § 27453 Bond Issuance Election Rules
  • § 50252 Refunding Bond Issuance Rules
  • § 90662 Refunding Bond Issuance Rules
  • § 96502 Refunding Bond Issuance Rules
  • § 13622 Bond Issuance Procedures

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Public Utilities Code. Section 29702.
View Official Source