SECTIONS 9400-9405 - California Statutes

ELECTIONS CODE

SECTION 9400-9405

9400. Notwithstanding any other provision of law, this chapter
applies to all bond issues proposed by a county, city and county,
city, district, or other political subdivision, or by any agency,
department, or board thereof, the security for which constitutes a
lien on the property for ad valorem taxes within the jurisdiction and
the proposal for which is required to be submitted to the voters for
approval.

9401. (a) In connection with each bond issue specified in Section
9400, a statement shall be mailed to the voters with the sample
ballot for the bond election. The statement required by this section
shall be filed with the election official conducting the election not
later than the 88th day prior to the election, and shall include:
(1) The best estimate from official sources of the tax rate that
would be required to be levied to fund that bond issue during the
first fiscal year after the first sale of the bonds based on assessed
valuations available at the time of the election or a projection
based on experience within the same jurisdiction or other
demonstrable factors.
(2) The best estimate from official sources of the tax rate that
would be required to be levied to fund that bond issue during the
first fiscal year after the last sale of the bonds if the bonds are
proposed to be sold in series, and an estimate of the year in which
that rate will apply, based on assessed valuations available at the
time of the election or a projection based on experience within the
same jurisdiction or other demonstrable factors.
(3) The best estimate from official sources of the highest tax
rate that would be required to be levied to fund that bond issue, and
an estimate of the year in which that rate will apply, based on
assessed valuations available at the time of the election or a
projection based on experience within the same jurisdiction or other
demonstrable factors.
(b) In addition, the statement may contain any declaration of
policy of the legislative or governing body of the applicable
jurisdiction, proposing to utilize revenues other than ad valorem
taxes for purposes of funding the bond issue, and the best estimate
from official sources of these revenues and the reduction in the tax
rate levied to fund the bond issue resulting from the substitution of
revenue.
(c) The words "tax rate" as used in this chapter means tax rate
per one hundred dollars ($100) of assessed valuation on all property
to be taxed to fund any bond issue described in Section 9400.

9402. All official materials, including any ballot pamphlet
prepared, sponsored, or distributed by the jurisdiction that has
proposed the bond issue or that is financed in whole or part by funds
furnished by that jurisdiction, directed at or including a bond
issue proposal, but excluding a notice of election required by law to
be posted or published, shall contain a statement of the tax rate
data specified in Section 9401.

9403. Failure to comply with this chapter shall not affect the
validity of any bond issue following the sale and delivery of the
bonds.

9404. The Legislature declares that the essence of compliance with
this chapter is good faith in presenting to voters the most accurate
available information for their use in effecting comparisons and
exercising judgment in casting their ballots.

9405. Whenever the elections official is required to mail a
statement, as provided in Section 9401, only one copy of the
statement shall be mailed to a postal address where two or more
registered voters have the same surname and the same postal address.
This section shall only apply if the legislative body adopts this
section and the election official conducting the election approves of
the procedure.