Demand For Bond Increase In San Diego
Category:
State:
Multi-State
County:
San Diego
Control #:
US-00415BG
Format:
Word;
Rich Text
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Description
A Bond is a document with which one party promises to pay another within a specified amount of time. The term "demand" means that the principal plus any interest is due on demand by the bondholder rather than on a specific date. Bonds are used for many things, including borrowing money or guaranteeing payment of money. A bond can be given to secure performance of particular obligations, including the payment of money, or for purposes of indemnification. The validity of a "private" bond, payable upon demand, is determined by the same principles applicable to contracts generally. The purpose of the bond must not be contrary to public policy; it must be supported by a valuable consideration; and there must be a clear designation of the obligor and the obligee. A bond procured through fraud or duress may be unenforceable, but mistake on the part of the obligor as to the contents of a bond, or its legal effect, is not a defense to enforcement of the bond.
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NOTE: Petition to increase bond or place funds in blocked accounts may be submitted ex parte. To establish a DPA, a bond must be provided, payable to the City of San Diego.This bond measure would provide funding for updated classrooms, technology, facilities, labs and equipment for career and technology education classes. This report summarizes activity under the San Diego Housing Commission's (Housing Commission). The SMUSD Governing Board unanimously approved a Resolution to place a school improvement bond measure on the November 2024 ballot. As demand for bonds increases, so do bond prices and bondholder returns. On-peak: The on-peak demand charge is applied to the highest kW demand (in a 15-minute interval) that occurs during on-peak time periods in the bill cycle. Tax cuts will increase demand, but higher tariffs will push up prices.
