CHAPTER 14.3. Higher Education Facilities Bond Act of 1988 [67330. - 67343.]

Chapter 14.3 added by Stats. 1988, Ch. 44, Sec. 1.

§§ 67330–67343 · 15 sections

1. ARTICLE 1. General Provisions §§ 67330–67332 · 3 sections

   • § 67330 This chapter shall be known and may be cited as the Higher Education Facilities Bond Act of 1988.
   • § 67331 The Legislature finds and declares all of the following: (a) California’s economic and social prosperity relies on a higher education system that keeps pace…
   • § 67332 As used in this chapter, the following terms have the following meanings: (a) “Committee” means the Higher Education Facilities Finance Committee created…
2. ARTICLE 2. Higher Education Facilities Bond Act Program §§ 67333–67334 · 2 sections

   • § 67333 The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the 1988 Higher Education Capital Outlay Bond Fund, which is hereby…
   • § 67334 (a) The committee shall be and is hereby authorized to create a debt or debts, liability or liabilities, of the State of California pursuant to this chapter…
3. ARTICLE 3. Fiscal Provisions §§ 67335–67343 · 10 sections

   • § 67335 (a) Bonds in the total amount of six hundred million dollars ($600,000,000), not including the amount of any refunding bonds issued in accordance with Section…
   • § 67336 The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
   • § 67337 The committee shall authorize the issuance of bonds under this chapter only to the extent necessary to fund the apportionments that are expressly authorized by…
   • § 67338 There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the…
   • § 67339 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
   • § 67340 For the purposes of carrying out this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of an amount or…
   • § 67340.5 Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of…
   • § 67341 All money deposited in the fund that is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for…
   • § 67342 The board may request the Pooled Money Investment Board for a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the Government…
   • § 67343 Any bonds issued and sold pursuant to this chapter may be refunded by the issuance and sale or exchange of refunding bonds in accordance with Article 6…