Government Code § 15819.402

CHAPTER 3.2.1. Revenue Bond Financing of Prison Construction—Phase I

Current as of September 28, 2026Gov. Code, § 15819.402Official source ↗

Amended by Stats. 2012, Ch. 42, Sec. 3. (SB 1022) Effective June 27, 2012.

For all projects authorized by this chapter, the board may borrow funds for project costs, including studies, design, construction, and construction-related costs from the Pooled Money Investment Account pursuant to Sections 16312 and 16313. Except for preliminary expenditures to develop the scope, budget, programming, and scheduling for a project, project funds expended prior to project approval by the board shall not be reimbursable from the proceeds of the bonds.