The definitions in this section shall govern the construction and interpretation of this chapter: (a) âBond purchase agreementâ means a contractual agreement executed between the county and one or more investment bankers that underwrite the bonds. (b) âBondsâ means evidences of indebtedness, including, but not limited to, bonds, notes, commercial paper, floating rate and variable maturity securities, and certificates of participation. (c) âCountyâ means any county or city and county of this state which has adopted an alternative method of distribution of tax levies and collections of tax sale proceeds authorized pursuant to Sections 4701 to 4717, inclusive, of the Revenue and Taxation Code. (d) âIndentureâ means any indenture, trust agreement, or similar document entered into by the county and a trustee or other fiduciary with respect to the bonds. (e) âTax revenuesâ means all current or delinquent taxes (and, if a county has made an election under Section 4702.5 of the Revenue and Taxation Code, assessments), redemption amounts, and delinquent penalties for which the county has advanced funds pursuant to Sections 4701 to 4717, inclusive, of the Revenue and Taxation Code.
‹ Prev All California sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.