California Code
TITLE 4 - GOVERNMENT OF CITIES
DIVISION 4 - FINANCIAL PROVISIONS

CHAPTER 1 - Property Tax Assessment, Levy,and Collection

ARTICLE 1 - General

Section 43000. - 43000. By ordinance the city legislative body shall provide a...

Section 43001. - 43001. Taxes assessed, penalties for delinquency, and costs of collection...

Section 43002. - 43002. Tax liens attach as of 12:01 a.m. on the...

Section 43003. - 43003. Tax liens may be enforced by either of the...

Section 43004. - 43004. Deeds made upon any sale of property for taxes...

Section 43004.5. - 43004.5. (a) For purposes of this part, assessed value means...

Section 43005. - 43005. In the case of a sale of property for...

Section 43005.7. - 43005.7. Notwithstanding any other provision of law to the contrary,...

Section 43007. - 43007. Notwithstanding any other contrary provisions of law, the city...

Section 43008. - 43008. (a) A lien on real property that results from...

Section 43009. - 43009. In exercising its discretion to waive the security deposit...

Section 43013. - 43013. Notwithstanding any other provision of law, the legislative body...

Section 43061. - 43061. Property sold for city taxes is subject to redemption...

Section 43062. - 43062. Every tax has the effect of a judgment against...

Section 43063. - 43063. The judgment is not satisfied nor the lien removed...

Section 43064. - 43064. Every tax is conclusively presumed to have been paid...

Section 43065. - 43065. Unless the city avails itself of the general laws...

Section 43066. - 43066. Notice of the time and place of sitting shall...

Section 43067. - 43067. The corrected list for each tax is the assessment...

Section 43071. - 43071. This article does not prevent the legislative body from...

Section 43073. - 43073. (a) The legislative body of any city which is...

ARTICLE 2 - Alternative Methods

Section 43090. - 43090. This article does not apply to any city governed...

Section 43091. - 43091. If the legislative body elects to proceed under this...

Section 43092. - 43092. The legislative body shall meet annually on the first...

Section 43093. - 43093. Annually on or before the third Monday in August,...

Section 43094. - 43094. The value shall be ascertained from the county assessment-book...

Section 43095. - 43095. On the first Monday of October, the city legislative...

Section 43096. - 43096. The tax rate shall be sufficient to raise the...

Section 43097. - 43097. The legislative body shall immediately transmit to the county...

Section 43098. - 43098. The auditor shall compute and enter in a separate...

Section 43099. - 43099. Taxes levied pursuant to this article shall be collected...

Section 43100. - 43100. When collected, the net amount shall be paid to...

Section 43101. - 43101. On the filing of itemized statements by the county...

ARTICLE 3 - Fiscal Year in Chartered Cities

Section 43120. - 43120. The legislative body of any city operating under a...

Section 43122. - 43122. By ordinance passed in the same manner, the legislative...

CHAPTER 2 - Special Taxes

ARTICLE 3 - Chartered City Special Assessment Procedure

Section 43240. - 43240. A chartered city may provide, in a special assessment...

CHAPTER 3 - Funds

ARTICLE 1 - General

Section 43400. - 43400. All money received from licenses, street poll taxes, fines,...

Section 43401. - 43401. All moneys received from sales and use taxes shall...

ARTICLE 2 - Street Work Revolving Fund

Section 43420. - 43420. By ordinance or resolution, the city legislative body may...

Section 43421. - 43421. The revolving fund may be created and used when...

Section 43422. - 43422. By resolution, the legislative body may order money from...

Section 43423. - 43423. The legislative body may appropriate any sums deemed necessary...

Section 43424. - 43424. It may advance money from the revolving fund as...

Section 43425. - 43425. It may appropriate money out of any such revolving...

Section 43426. - 43426. It may collect payments of principal and interest upon...

Section 43427. - 43427. The legislative body may order the revolving fund reimbursed,...

Section 43428. - 43428. It may order that the revolving fund be reimbursed,...

Section 43429. - 43429. The amount of the reimbursement shall not exceed the...

Section 43430. - 43430. The legislative body may reimburse the revolving fund, in...

Section 43431. - 43431. At any time the legislative body may reduce or...

ARTICLE 3 - Harbor Improvement Fund

Section 43450. - 43450. Pursuant to this article, any city whose corporate limits...

Section 43451. - 43451. The city may create one or more funds for...

Section 43452. - 43452. The city may also issue and sell its bonds...

Section 43453. - 43453. All provisions of law, or of the charter of...

Section 43454. - 43454. Where by law or charter of the city the...

Section 43455. - 43455. When any city provides any fund for the redemption,...

CHAPTER 4 - Bonds

ARTICLE 1 - General

Section 43600. - 43600. As used in this article, “an issue of bonds”...

Section 43601. - 43601. As used in this article, “municipal improvement” includes bridges,...

Section 43602. - 43602. Pursuant to this article, a city may incur indebtedness...

Section 43602.5. - 43602.5. (a) A city or a city and county may...

Section 43603. - 43603. When a city planning commission and the legislative body...

Section 43604. - 43604. Such a city plan may include land for public...

Section 43605. - 43605. A city shall not incur an indebtedness for public...

Section 43606. - 43606. An indebtedness is incurred within the meaning of this...

Section 43607. - 43607. Proceedings are initiated when the city legislative body passes...

Section 43608. - 43608. At any subsequent meeting, by a two-thirds vote of...

Section 43609. - 43609. Propositions for more than one object or purpose may...

Section 43610. - 43610. The ordinance shall recite: (a) The object and purpose...

Section 43610.1. - 43610.1. The ordinance may provide that the estimated cost stated...

Section 43611. - 43611. The ordinance shall be published once a day for...

Section 43612. - 43612. If an election called pursuant to this article is...

Section 43613. - 43613. Except as otherwise provided in the ordinance, the election...

Section 43614. - 43614. If two-thirds of the electors voting on the proposition...

Section 43615. - 43615. When two or more propositions for incurring indebtedness are...

Section 43616. - 43616. If any proposition is defeated by the electors, the...

Section 43617. - 43617. The legislative body shall prescribe the form of the...

Section 43618. - 43618. The legislative body may divide the principal amount of...

Section 43619. - 43619. The legislative body shall fix, and designate in the...

Section 43620. - 43620. The legislative body may fix a date, not more...

Section 43620.1. - 43620.1. An action to determine the validity of bonds may...

Section 43621. - 43621. The legislative body may provide for redemption of bonds...

Section 43622. - 43622. The bonds shall be issued in such denomination or...

Section 43623. - 43623. The bonds shall be signed by the mayor, or...

Section 43624. - 43624. The bond coupons shall be numbered consecutively and signed...

Section 43625. - 43625. All signatures and countersignatures except that of the clerk...

Section 43626. - 43626. If any officer whose signature or countersignature appears on...

Section 43627. - 43627. The bonds may be issued and sold as the...

Section 43628. - 43628. All premiums and accrued interest received shall be placed...

Section 43629. - 43629. The legislative body may provide for delivery of any...

Section 43630. - 43630. After three years after a bond election the legislative...

Section 43631. - 43631. When the legislative body determines by resolution that the...

Section 43632. - 43632. At the time of making the general tax levy...

Section 43633. - 43633. If the earliest maturity of the bonds is more...

Section 43634. - 43634. These taxes shall be levied and collected as other...

Section 43635. - 43635. A city may undertake to perform the work directly...

Section 43636. - 43636. When the city and the United States jointly perform...

Section 43637. - 43637. By resolution, the legislative body may require the treasurer...

Section 43638. - 43638. When municipal improvements are being made pursuant to this...

ARTICLE 3 - Refunding Indebtedness

Section 43720. - 43720. The legislative body of any city, except a city...

Section 43721. - 43721. By a two-thirds vote of its number, the legislative...

Section 43722. - 43722. The bonds shall be issued in denominations of not...

Section 43723. - 43723. The rate of interest during the entire term of...

Section 43724. - 43724. The bonds shall be serial bonds, and not less...

Section 43725. - 43725. The legislative body may fix a date for the...

Section 43726. - 43726. The bonds shall be payable in such money and...

Section 43727. - 43727. The bonds may be sold in the manner provided...

Section 43728. - 43728. The proceeds of any sale for cash shall be...

Section 43729. - 43729. Any proceeds of the refunding bonds remaining after the...

Section 43730. - 43730. At the time of making the general tax levy...

Section 43731. - 43731. If the earliest maturity of the refunding bonds is...

Section 43732. - 43732. The taxes shall be levied and collected as other...

Section 43732.5. - 43732.5. (a) Prior to the issuance by a city of...

Section 43733. - 43733. Bonds to fund or refund the indebtedness shall not...

Section 43734. - 43734. The election shall be called and held pursuant to...

Section 43735. - 43735. The ordinance calling the election shall recite the object...

Section 43736. - 43736. When it is proposed to refund any outstanding bonded...

Section 43737. - 43737. The proceeds from the sale of the bonds shall...

Section 43738. - 43738. If the refunding bonds are issued in whole or...

Section 43740. - 43740. When sufficient money is in the funding fund to...

Section 43741. - 43741. At the same time the treasurer shall deposit in...

Section 43742. - 43742. If any bonds are authorized for funding or refunding...

Section 43743. - 43743. When any outstanding bonds, warrants, judgments, notes, or other...

Section 43744. - 43744. The treasurer shall keep a record of bonds, warrants,...

Section 43745. - 43745. If the obligations were issued by, on account of,...

Section 43746. - 43746. The report shall be made at least once a...

Section 43747. - 43747. Any money remaining in the funding fund, after all...

ARTICLE 4 - Investment Bond Act of 1909

Section 43760. - 43760. This article may be cited as the Investment Bond...

Section 43761. - 43761. Whenever the public interest or necessity requires, any city...

Section 43762. - 43762. It is the intent of the Legislature in adopting...

Section 43763. - 43763. Bonds issued pursuant to this article shall be issued...

Section 43764. - 43764. The ordinance calling the election need not contain any...

Section 43765. - 43765. If the bonds are to be issued to acquire...

Section 43766. - 43766. The interest rate on the bonds need not be...

Section 43767. - 43767. The bonds shall not be sold at less than...

Section 43768. - 43768. In the exchange of bonds, interest upon the bonds...

Section 43769. - 43769. Bonds issued pursuant to this article shall be redeemed...

Section 43770. - 43770. Taxes for the payment of the bonds shall be...

Section 43771. - 43771. The legislative body of any city shall keep the...

Section 43772. - 43772. If the bonds are issued to acquire or to...

Section 43773. - 43773. At such times as the legislative body determines, it...

Section 43774. - 43774. The purchase price of any bonds sold and the...

Section 43775. - 43775. During the time the city owns any district bonds...

Section 43776. - 43776. When bonds are acquired at less than their par...

Section 43777. - 43777. The ordinance is subject to referendum as other ordinances...

Section 43778. - 43778. At the time and place fixed, the bonds shall...

Section 43779. - 43779. If the bonds canceled are issued under the Improvement...

Section 43780. - 43780. The reduction of assessments shall be carried out by...

Section 43781. - 43781. When the legislative body of any city has acquired...

Section 43782. - 43782. Before ordering the cancellation, by ordinance the legislative body...

Section 43783. - 43783. At the time and place fixed in the ordinance,...

Section 43784. - 43784. The legislative body may sell any district bonds acquired...

Section 43785. - 43785. All district bonds sold for the purpose of effecting...

Section 43786. - 43786. The legislative body may determine that any issue of...

Section 43787. - 43787. If the bonds are made to mature at one...

Section 43788. - 43788. The sum to be raised each year and placed...

Section 43789. - 43789. If the entire issue of bonds is to mature...

Section 43790. - 43790. Any bond issued pursuant to this article shall not...

Section 43791. - 43791. At least once each year, within sixty days prior...

Section 43792. - 43792. The notice shall state the amount available for the...

Section 43793. - 43793. A proposal shall not be accepted unless the sale...

Section 43794. - 43794. Notice of the call for redemption shall be published...

Section 43795. - 43795. If any bonds called are not presented for redemption...

Section 43796. - 43796. This article provides an alternative system for the issuance...

Section 43797. - 43797. This article shall be liberally construed to the end...

ARTICLE 5 - Prepayment

Section 43820. - 43820. In its ordinance or resolution authorizing the issuance of...

Section 43821. - 43821. In the ordinance or resolution, the legislative body shall...

Section 43822. - 43822. If provision is made for the payment of bonds...

Section 43823. - 43823. Such taxes are in addition to all other taxes...

Section 43824. - 43824. The amount fixed by the legislative body to be...

ARTICLE 6 - Compromise

Section 43850. - 43850. Whenever a city has an outstanding indebtedness evidenced by...

Section 43851. - 43851. The election shall be called and held in the...

Section 43852. - 43852. The notice of election shall state: (a) The bonded...

Section 43853. - 43853. The question shall be voted upon as an entirety....

Section 43854. - 43854. The legislative body shall carry the compromise into effect...

Section 43855. - 43855. It shall provide for the collection of an annual...

Section 43856. - 43856. The rights of any nonconsenting holder of bonds specified...

Section 43857. - 43857. In any action brought upon any of the bonds...

Section 43858. - 43858. In any action brought upon any of the bonds...

Section 43859. - 43859. When the judgment, rendered in accordance with the terms...

Section 43860. - 43860. If for any reason the judgment is reversed or...

ARTICLE 7 - Registration

Section 43880. - 43880. Upon presentation by the owner to the city treasurer...

Section 43881. - 43881. The bond may thereafter be transferred by the registered...

Section 43882. - 43882. The statement stamped, printed, or written upon the bond...

Section 43883. - 43883. After any bond has been registered, the principal and...

Section 43884. - 43884. The city treasurer shall keep in his office a...

Section 43885. - 43885. Notwithstanding any provision of law to the contrary, bonds,...

Section 43886. - 43886. This article applies to all coupon bonds and all...

ARTICLE 8 - Destruction of Unsold Bonds

Section 43900. - 43900. The legislative body of any city may destroy any...

Section 43901. - 43901. The legislative body shall give notice of its intention...

Section 43902. - 43902. The notice shall state: (a) The time and place...

Section 43903. - 43903. At the time and place stated in the notice,...

Section 43904. - 43904. No other issue of bonds in place of those...