ARTICLE 1. General
Article 1 added by Stats. 1953, Ch. 1698.
§§ 16720–16727 · 12 sections
- § 16720 This chapter shall be known and may be cited as the State General Obligation Bond Law.
- § 16721 The purpose of this chapter is to provide a procedure which may be adopted by other acts for use with whatever modifications are necessary in authorizing the…
- § 16722 As used in this chapter, the following terms shall have the following meaning unless the context otherwise requires: (a) “Board” means the state board,…
- § 16723 Any bond act may adopt the provisions of this chapter by reference to its short title, and such reference shall serve to incorporate the provisions of this…
- § 16724 The bond act shall contain all of the following provisions: (a) A statement of the total amount of bonds authorized to be issued and the purpose for which the…
- § 16724.4 Any state bond measure approved by the voters on or after January 1, 2004, shall be subject to an annual reporting process, as follows: (a) The head of the…
- § 16724.5 (a) For purposes of this section, “revolving fund” means the General Obligation Bond Expense Revolving Fund created pursuant to this section. (b) There is in…
- § 16724.6 There is hereby transferred from any bond fund created for the proceeds of sales of state general obligation bonds, the amounts necessary to reimburse the…
- § 16724.7 Costs incurred by the state in connection with state general obligation bonds bearing variable interest rates that are different from costs determined by the…
- § 16725 The Controller, the State Treasurer and the committee shall keep full and particular account and record of all their proceedings under the bond act and this…
- § 16726 Upon request of the board stating that the purposes for which the bonds were issued and sold has been effected, the committee shall certify this fact to the…
- § 16727 Proceeds from the sale of any bonds issued pursuant to this chapter shall be used only for the following purposes: (a) The costs of construction or acquisition…