ARTICLE 5. Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act) [19250. - 19266.]
Heading of Article 5 renumbered from Article 3 by Stats. 2013, Ch. 602, Sec. 47.
§§ 19250–19266 · 17 sections
- § 19250 This article shall be known and may be cited as the Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act).
- § 19251 The State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), except as…
- § 19252 As used in this article: (a) “Board” means the Voting Modernization Board, established pursuant to Section 19256. (b) “Bond” means a state general obligation…
- § 19253 (a) The Voting Modernization Finance Committee is hereby established for the purpose of authorizing the issuance and sale, pursuant to the State General…
- § 19254 (a) The committee may create a debt or debts, liability or liabilities, of the State of California, in the aggregate amount of not more than two hundred…
- § 19255 The Legislature may amend subdivisions (c) and (d) of Section 19254 and Section 19256 by a statute, passed in each house of the Legislature by rollcall vote…
- § 19256 The Voting Modernization Board is hereby established and designated the “board” for purposes of the State General Obligation Bond Law, and for purposes of…
- § 19257 (a) All bonds authorized by this article, when duly sold and delivered as provided herein, constitute valid and legally binding general obligations of the…
- § 19258 Notwithstanding Section 13340 of the Government Code, there is hereby continuously appropriated from the General Fund, for purposes of this article, a sum of…
- § 19259 For purposes of this article, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of a sum of money not to exceed…
- § 19260 The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the…
- § 19261 Upon request of the board, supported by a statement of its plans and projects approved by the Governor, the committee shall determine whether to issue any…
- § 19262 (a) The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established by the…
- § 19263 Out of the first money realized from the sale of bonds as provided by this article, there shall be redeposited in the General Obligation Bond Expense Revolving…
- § 19264 Any bonds issued and sold pursuant to this article may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of…
- § 19265 Notwithstanding any provision of the bond act, if the Treasurer sells bonds under this article for which bond counsel has issued an opinion to the effect that…
- § 19266 The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article are not “proceeds of taxes” as that…