CHAPTER 14.6. Higher Education Facilities Bond Act of June 1992 [67358. - 67359.5.]

Chapter 14.6 added by Stats. 1992, Ch. 13, Sec. 1.

§§ 67358–67359.5 · 16 sections

1. ARTICLE 1. General Provisions §§ 67358–67358.2 · 3 sections

   • § 67358 This chapter shall be known and may be cited as the Higher Education Facilities Bond Act of June 1992.
   • § 67358.1 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…
   • § 67358.2 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 §§ 67358.3–67358.4 · 2 sections

   • § 67358.3 The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the 1992 Higher Education Capital Outlay Bond Fund, which is hereby…
   • § 67358.4 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 for…
3. ARTICLE 3. Fiscal Provisions §§ 67358.5–67359.5 · 11 sections

   • § 67358.5 (a) Bonds in the total amount of nine hundred million dollars ($900,000,000), not including the amount of any refunding bonds issued in accordance with Section…
   • § 67358.6 The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
   • § 67358.7 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…
   • § 67358.8 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…
   • § 67358.9 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
   • § 67359 (a) 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…
   • § 67359.1 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…
   • § 67359.2 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…
   • § 67359.3 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…
   • § 67359.4 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…
   • § 67359.5 The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that…