Section 30404 Of Chapter 10. Orange County Financial Control From California Government Code >> Division 3. >> Title 3. >> Chapter 10.
30404
. (a) The trustee may issue or execute and deliver for and in
the name and on behalf of the county, any of the following forms of
debt or other obligations:
(1) Notes, tax anticipation warrants, or other evidences of
indebtedness pursuant to Article 7 (commencing with Section 53820),
Article 7.5 (commencing with Section 53840), or Article 7.6
(commencing with Section 53850) of Chapter 4 of Part 1 of Division 2
of Title 5.
(2) Grant anticipation notes pursuant to Article 7.7 (commencing
with Section 53859) of Chapter 4 of Part 1 of Division 2 of Title 5.
(3) Revenue bonds pursuant to Chapter 6 (commencing with Section
54300) of Part 1 of Division 2 of Title 5.
(4) Refunding bonds pursuant to Article 9 (commencing with Section
53550) or Article 10 (commencing with Section 53570) of Chapter 3 of
Part 1 of Division 2 of Title 5.
(5) Certificates of participation or lease revenue bonds to
finance the lease or lease-purchase of property and for this purpose
may lease property, for and in the name and on behalf of the County
of Orange, to or from any other public or private entity.
(b) If the trustee issues notes, tax anticipation warrants, or any
other evidence of indebtedness or other obligation pursuant to
subdivision (a), the trustee may provide, in the terms of the
issuance, for the pledge of any taxes, income, revenue, cash
receipts, rents, or other moneys of the county, including moneys
deposited in inactive or term deposit accounts, or rights to receive
the same, to the extent that the taxes, income, revenue, cash
receipts, rents, or other moneys could have been used to pay
principal or interest on the issuance. The priority and perfection of
the pledge shall be governed by Chapter 5.5 (commencing with Section
5450) of Division 6 of Title 1.