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obligations imposed by law exception

• Debt Limit Exceptions
• i.4.3 Steps Public Agencies Must Take to Use Debt Financing
• 1.2.4 Exceptions to the Debt Limit
  California courts recognize several exceptions to the constitutional debt limit.
• 1.2.4.6 Obligations Imposed by Law Exception
  Debt limit exception based upon an obligation that is not discretionary on the part of the public agency.
• 3.3.2.2 Pension Obligation Bonds
• 3.3.5 Teeter Bonds
  Teeter bonds are secured by a pledge of the delinquent property tax receivables and are generally also payable from the county’s general fund.

Official Statement

• Official Statement/Preliminary Official Statement
• i.3.2.1 Compliance with Municipal Securities Laws – Disclosure
• 5.1 What is a public offering?
  Characteristics defining a public sale of debt.
• Chapter 6. Securities Laws Pertaining to Municipal Debt
  Municipal bonds, notes, certificates of participation, and similar obligations sold to investors (“municipal securities”) are generally subject to federal and state securities laws.
• 6.3 The Official Statement
  The offering document in a public offering of municipal securities.
• 6.3.1 Role and Purpose of the Official Statement and the Preliminary Official Statement
• 6.3.2 Contents of the Official Statement (See “disclosure”)

Offner-Dean lease exception

• “Offner-Dean” Lease
• Debt Limit Exceptions
• i.4.3 Steps Public Agencies Must Take to Use Debt Financing
• 1.2.4 Exceptions to the Debt Limit
  California courts recognize several exceptions to the constitutional debt limit.
• 1.2.4.3 Lease Exception (the “Offner-Dean Lease Exception”)
  Debt limit exception based upon a debt obligation structured as a lease financing
• 1.3.1 Lease Revenue Bonds and Certificates of Participation
  Debt obligation structured to comply with the Lease exception to the Constitutional debt limit.
• 1.3.2 Joint Powers Authorities
  Debt issued by a joint powers authority is not subject to the Constitutional debt limit.
• 2.4.8.2 Remedies
  Different types of remedies in the case of a default
• 3.2.3 Lease-Supported Debt
  Lease-supported debt represents a blend of direct debt and debt issued on behalf of another entity.
• 3.3.2.1 Lease Revenue Bonds and Certificates of Participation
• 3.6.1 Financing Leases
  The public agency obtains financing by entering into a lease for which it makes rental payments
• 3.9.2 State Public Works Board Lease Revenue Bonds
  The California State Public Works Board issues lease revenue bonds to finance capital improvement for state agencies.
• B.1.3.3 Certificates of Participation/Leases

open pools

• 3.7.7 Pool Bonds
  Pool bonds are bonds issued to purchase the underlying bonds issued by pool members. TRANS are an example of a pool bond.

organic statutes

• Organic ACT
• 1.1 A Public Agency’s Authority to Borrow
  This chapter provides an overview of the statutory and legal framework within which California local public agencies may incur debt and obtain the funds needed to repay it.
• 1.1.1 Statutory Authority to Borrow
  All public agencies are subject to the California Constitution and the powers granted to them or that are essential to their purpose.
• A.3 Organic Statutes of Specific Entities Authorized to Issue Debt

other post-employment benefit (OPEB)

• Other Post-Employment Benefits (OPEBS)
• 3.3.2.2 Pension Obligation Bonds

overburdening restrictions

• 4.4.1 Issue Sizing and Term
  Limits on issue size and term pursuant to the Tax Code.