ARTICLE 1. General Provisions

Article 1 added by Stats. 2004, Ch. 215, Sec. 4.

§§ 16940–16943 · 4 sections

• § 16940 This chapter shall be known and may be cited as the California Pension Restructuring Bond Act of 2004.
• § 16941 It is the intent of the Legislature, in enacting this chapter, to provide for an efficient, equitable, and economical means of satisfying certain pension…
• § 16942 The Legislature hereby finds and declares that the state’s obligation to pay its pension obligations to the Public Employees’ Retirement System in the amounts…
• § 16943 Unless the context otherwise requires, the following definitions shall govern the construction of this chapter: (a) “Ancillary obligation” means the obligation…