BlackletterCalifornia law

CHAPTER 14.4. Higher Education Facilities Bond Act of June 1990 [67345. - 67347.9.]

Chapter 14.4 added by Stats. 1990, Ch. 6, Sec. 1.

§§ 67345–67347.9 · 15 sections

  1. ARTICLE 1. General Provisions §§ 67345–67345.2 · 3 sections
    • § 67345 This chapter shall be known and may be cited as the Higher Education Facilities Bond Act of June 1990.
    • § 67345.1 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…
    • § 67345.2 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 §§ 67346–67346.5 · 2 sections
    • § 67346 The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the June 1990 Higher Education Capital Outlay Bond Fund, which is hereby…
    • § 67346.5 (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 §§ 67347–67347.9 · 10 sections
    • § 67347 (a) Bonds in the total amount of four hundred fifty million dollars ($450,000,000), not including the amount of any refunding bonds issued in accordance with…
    • § 67347.1 The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
    • § 67347.2 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…
    • § 67347.3 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…
    • § 67347.4 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
    • § 67347.5 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…
    • § 67347.6 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…
    • § 67347.7 (a) 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…
    • § 67347.8 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…
    • § 67347.9 Notwithstanding any provision of this chapter or the State General Obligation Bond Law set forth in Chapter 4 (commencing with Section 16720) of Part 3 of…