Skip to content

37648. Refunding bonds.

California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures · 2026 edition · updated 2026-07-29 · California

(a) The local agency may provide for the issuance of the bonds of the local agency for the purpose of refunding any bonds of the local agency then outstanding, including the payment of any redemption premiums thereof and any interest accrued or to accrue to the earliest or subsequent date of redemption, purchase, or maturity of such bonds, and, if deemed advisable by the local agency, for the additional purpose of paying all or any part of the cost of additional historical rehabilitation.

(b) The proceeds of bonds issued for the purpose of refunding any outstanding bonds may, in the discretion of the local agency, be applied to the purchase or retirement at maturity or redemption of such outstanding bonds, either at their earliest or any subsequent redemption date or upon the purchase or retirement at the maturity thereof and may, pending such application, be placed in escrow, to be applied to such purchase or retirement at maturity or redemption on such date as may be determined by the local agency.

(c) Pending use for purchase, retirement at maturity, or redemption of outstanding bonds, any proceeds held in escrow pursuant to subdivision (b) may be invested and reinvested as provided in the resolution authorizing the issuance of the bonds. Any interest or other increment earned or realized on any such investment may also be applied to the payment of the outstanding bonds to be refunded. After the terms of the escrow have been fully satisfied and carried out, any balance of such proceeds and any interest or increment earned or realized from the investment thereof may be returned to the local agency to be used by it for any lawful purpose.

(d) That portion of the proceeds of any such bonds designated for the purpose of paying all or any part of the cost of additional historical rehabilitation pursuant to subdivision (a) may be invested and reinvested in obligations of, or guaranteed by, the United States of America or in certificates of deposit or time deposits secured by obligations of, or guaranteed by, the United States of America, maturing not later than the time or times when such proceeds will be needed for the purpose of paying all or any part of such cost.

(e) All bonds issued pursuant to this section shall be subject to the provisions of this part in the same manner and to the same extent as other bonds issued pursuant to this part.

Get a plain-English answer with a citation back to this text.

Ask AI about this code
▸ Contents — California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures
California Register of Historical Resources — listing regulations; State Historic Rehabilitation Tax Credit procedures
  1. California State Law & Historic Preservation
  2. TABLE OF CONTENTS
  3. INTRODUCTION
  4. Historical Resources
  5. 5020.7. Legislative Intent.
  6. 5022. Landmark and Point of Interest Plaques.
  7. 5025.12.
  8. 5031. Qualified Historical Property.
  9. 5033. Authority to adopt rules.
  10. Heritage Fund
  11. Creation of funds; administration of funds.
  12. Deposits.
  13. 5079.12.
  14. 5079.13.
  15. 5079.14.
  16. 5079.15.
  17. 5079.21.
  18. 5079.40.
  19. 5079.50.
  20. 5079.51.
  21. 5079.61.
  22. Archeological Sites
  23. 5097.1.
  24. 5097.3.
  25. Native American Heritage
  26. California Environmental Quality Act
  27. Public Records
  28. Capitol View Protection
  29. State Capitol Commission
  30. 9149.6.
  31. 9149.7.
  32. 9149.9.
  33. California Main Street Program
  34. 15399.1. Legislative intent.
  35. 15399.4.
  36. Local Government
  37. City Property
  38. 50280. Restriction of property use.
  39. Fees.
  40. 50282. Renewal.
  41. 50284. Cancellation.
  42. 50285. Consultation with state commission.
  43. 50286. Cancellation.
  44. 50287. Action to enforce contract.
  45. 50288. Eminent domain.
  46. 50289. Annexation by city.
  47. 50290. Consultation with state commission.
  48. 65303. Authority for preservation elements.
  49. Human Remains
  50. Hazardous Buildings
  51. 18950. Short title.
  52. 18951. Purpose.
  53. 18952. Application.
  54. 18953. Intent.
  55. 18954. Repairs, alterations and additions.
  56. 18957. Authorized building and fire officials.
  57. 18961. Review enforcement and administration.
  58. 37600. Short title.
  59. 37601. Legislative finding and declaration.
  60. 37603. Request for information by SHPO.
  61. 37621. Fees.
  62. 37622. Service of loans.
  63. 37623. Powers.
  64. 37624. Revenues.
  65. 37625. Rules and regulations.
  66. 37628. Citizen participation.
  67. 37629. Adoption of criteria of selection.
  68. 37630. Prohibition discrimination.
  69. 37631. Limitation of actions.
  70. 37640. Negotiable bonds.
  71. 37641. Serial or term bonds.
  72. 37642. Terms and conditions.
  73. 37643. Personal liability.
  74. 37644. Purchase by local agency.
  75. 37645. Trust agreements.
  76. 37646. Enforcement rights and duties.
  77. 37647. Payment of bonds.
  78. 37648. Refunding bonds.
  79. 37649. Legal investments.
  80. 37650. Exercise of powers for benefit.
  81. 37660. Financing to participating parties.
  82. 37661. Loan agreements.
  83. 37662. Trust funds.
  84. Easements
  85. 815.1. Conservation easement defined.
  86. 815.2. Interest in real property.
  87. 815.3. Entities authorized to acquire.
  88. 815.4. Grantors.
  89. 815.5. Recordation.
  90. 815.9. Political Subdivision; authority to hold comparable eas…
  91. 815.10. Enforceable restrictions.
  92. Historic Property Restriction
  93. 439.1. Historical Property; definitions.
  94. 439.2. Historical Property; valuation.
  95. 439.3. Historical Property; notice of nonrenewal.
  96. 439.4. Historical Property; recordation.
  97. Destruction of Historical Properties
  98. 4850. Authority.
  99. 4853. Application Format.
  100. 4854. Application Procedures.
  101. 4858. Saving Clause.
  102. Appendix A. A Glossary of Terms as used in the California Regi…
  103. CEQA Guidelines (Title 14, Chapter 3)
  104. 15126.4 Consideration and Discussion of Mitigation Measures Pr…
  105. [NOT INCLUDED]
  106. A Glossary of Terms as used in the California Register of Hist…

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.