LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeEducation CodeDiv. 10Pt. 59Ch. 2Art. 4§ 94148 Bondholder Rights And Enforcement

§ 94148 Bondholder Rights And Enforcement

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

§ 94148 Bondholder Rights And Enforcement

Key Takeaways

  • •If someone owns bonds issued under this law, they can take legal action to protect their rights.
  • •They can make sure the rules in the bond agreement are followed, like charging and collecting fees.
  • •This includes making the authority or its workers do their jobs as promised.

Example

A person buys bonds to help build a new park. The park authority stops collecting the fees they promised to pay back the bond holders.

The person who bought the bonds can go to court to make the park authority start collecting and using the fees the right way, just like they agreed.

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

Official Source
View on CA.gov

§ 94148 Bondholder Rights And Enforcement

Any holder of bonds issued under the provisions of this chapter or any of the coupons appertaining thereto, and the trustee or trustees under any trust agreement, except to the extent the rights herein given may be restricted by any resolution authorizing the issuance of, or any such trust agreement securing, such bonds, may, either at law or in equity, by suit, action, mandamus or other proceedings, protect and enforce any and all rights under the laws of the state or granted hereunder or under such resolution or trust agreement, and may enforce and compel the performance of all duties required by this chapter or by such resolution or trust agreement to be performed by the authority or by any officer, employee or agent thereof, including the fixing, charging, and collecting of the rates, rents, fees, and charges herein authorized and required by the provisions of such resolution or trust agreement to be fixed, established, and collected. (Enacted by Stats. 1976, Ch. 1010.)

Last verified: January 23, 2026

Key Terms

agreementresolutionperformanceemployeeauthorityissuance

Related Statutes

  • § 94145.5 Bond Trust Agreement Provisions
  • § 81372 District Bid Delegation Authority
  • § 94140 Authority Powers And Duties
  • § 94145 Bond Security Trust Agreements
  • § 94147 Project Revenue And Fees

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Education Code. Section 94148.
View Official Source