ARTICLE 7.5. Borrowing Authority [8670.53.1. - 8670.53.95.]

Article 7.5 added by Stats. 1990, Ch. 1248, Sec. 17.

§§ 8670.53.1–8670.53.95 · 9 sections

• § 8670.53.1 (a) Following an oil spill, the administrator, in consultation with the Treasurer, shall notify the Governor if the administrator determines that it is likely…
• § 8670.53.2 Money borrowed pursuant to this chapter, including draws on the financial security obtained pursuant to subdivision (o) of Section 8670.48, shall be expended…
• § 8670.53.3 (a) For purposes of this section, the following definitions shall apply: (1) “Bond” means any bond, note, commercial paper, bond anticipation note, or other…
• § 8670.53.4 (a) With the exception of borrowing from the Pooled Money Investment Account, which shall be on the terms determined by the Pooled Money Investment Board, the…
• § 8670.53.5 Any financial arrangements made or issued pursuant to this article or subdivision (o) of Section 8670.48, including the issuance of bonds or other obligations,…
• § 8670.53.7 (a) All financial arrangements made or issued pursuant to this article or subdivision (o) of Section 8670.48, including bonds or other obligations, are a legal…
• § 8670.53.8 Notwithstanding Section 13340, there is hereby appropriated from the fund, without regard to fiscal years, any and all moneys necessary to pay principal,…
• § 8670.53.9 Whenever the Treasurer determines that it will increase the marketability or reduce the cost of obtaining any standby arrangement, other arrangement, or of…
• § 8670.53.95 Section 10295 and Sections 10336 to 10381, inclusive, of the Public Contract Code shall not apply to agreements entered into by the Treasurer in connection…