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HomeHealth and Safety CodeDiv. 27Ch. 1Art. 4§ 44532 Bond Retirement Project Transfer

§ 44532 Bond Retirement Project Transfer

Health and Safety Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 44532 Bond Retirement Project Transfer

Key Takeaways

  • •When the money borrowed for a project is fully paid back, the authority can give the project to the participating party.
  • •The authority can only do this if all the rules and agreements about the project are followed.
  • •The authority decides the terms and conditions for giving the project to the participating party.

Example

A city borrows money to build a new park. After the city pays back all the money it borrowed, plus interest, it can get full ownership of the park.

The city followed all the rules and paid back the money, so the authority can give the park to the city.

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

Official Source
View on CA.gov

§ 44532 Bond Retirement Project Transfer

When the principal of and interest on bonds of the authority issued to finance or refund the cost of a particular project for a participating party shall have been fully paid and retired or when adequate provision shall have been made for the payment and retirement of the same, and all other conditions of the resolution, indenture, or agreement authorizing and securing the same shall have been satisfied and the lien of the resolution, indenture, or agreement shall have been released in accordance with the provisions thereof, the authority is authorized, upon terms and conditions as may be prescribed by the authority, to execute these deeds and conveyances as are necessary or required to convey title to the project to the participating party. (Amended by Stats. 2009, Ch. 643, Sec. 14. (SB 832) Effective November 2, 2009.)

Last verified: January 24, 2026

Key Terms

agreementresolutionauthorityownershipretirementliendeedconveyance

Related Statutes

  • § 34332 Housing Authority Lease Requirements
  • § 8571 Cemetery Plot Ownership Rules
  • § 9055 Cemetery District Conveyance Rules
  • § 129052 Department Revenue Security Pledges
  • § 34312.7 Refunding Multifamily Housing Bonds

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Health and Safety Code. Section 44532.
View Official Source