California Code
DIVISION 12 - COUNTY TRANSPORTATION COMMISSIONS
CHAPTER 5 - Los Angeles County Transportation Commission Revenue Bond Act

ARTICLE 1 - General Provisions

Section 130500. - 130500. This chapter shall be known and may be cited...

Section 130501. - 130501. The Legislature finds that alternative methods of financing provided...

Section 130502. - 130502. It is the purpose of this chapter to carry...

ARTICLE 2 - Definitions

Section 130510. - 130510. Unless the context otherwise requires, the definitions in this...

Section 130511. - 130511. “Bonds” means indebtedness and securities of any kind or...

Section 130512. - 130512. “Commission” means the Los Angeles County Transportation Commission created...

Section 130513. - 130513. “Cost,” as applied to a project or portion thereof...

Section 130514. - 130514. “Notes” means notes and agreements relating thereto, bond anticipation...

Section 130515. - 130515. “Transit project” or “project” means real and personal property,...

Section 130516. - 130516. “Public agency” means any state agency, department, board, or...

Section 130517. - 130517. “Public transit purposes,” as used in this chapter and...

Section 130518. - 130518. “Revenues” means all rents, receipts, purchase payments, and all...

Section 130519. - 130519. (a) The “Los Angeles Metro Rail project” means an...

ARTICLE 3 - General Powers and Duties

Section 130520. - 130520. The commission may incur indebtedness and obligations as provided...

Section 130521. - 130521. The commission may acquire by deed, purchase, lease, contract,...

Section 130522. - 130522. The commission may do all of the following: (a)...

ARTICLE 4 - Bonds and Notes

Section 130530. - 130530. The commission may issue bonds for purposes authorized by...

Section 130531. - 130531. Notwithstanding any other provision of law: (a) The commission...

Section 130532. - 130532. The commission may from time to time issue or...

Section 130533. - 130533. (a) Except as provided in this subdivision and as...

Section 130534. - 130534. (a) The bonds may be issued as serial bonds...

Section 130535. - 130535. (a) At times that the commission desires to issue...

Section 130536. - 130536. Neither the members of the commission, nor any person...

Section 130537. - 130537. The commission may, from any funds available therefor, purchase...

Section 130538. - 130538. (a) At the discretion of the commission, any bonds...

Section 130538.5. - 130538.5. The commission shall take no action which will materially...

Section 130539. - 130539. All expenses incurred in carrying out the provisions of...

Section 130540. - 130540. (a) Bonds issued under this chapter do not constitute...

Section 130541. - 130541. The commission may provide for the issuance of bonds...

Section 130542. - 130542. (a) The proceeds of any bonds issued for the...

Section 130543. - 130543. The proceeds of any bonds issued for the additional...

Section 130544. - 130544. Bonds issued pursuant to Section 130542 are subject to...

Section 130545. - 130545. The bonds issued pursuant to this chapter are legal...

ARTICLE 5 - Supplemental Provisions

Section 130550. - 130550. This chapter, being necessary for the welfare of the...

Section 130551. - 130551. (a) This chapter provides a complete, additional, and alternative...

Section 130552. - 130552. The State of California does hereby pledge to, and...

Section 130553. - 130553. To the extent that the provisions of this chapter,...