ARTICLE 3. Reimbursement and Refunding Warrants [17240. - 17255.]
Article 3 added by Stats. 1945, Ch. 120.
§§ 17240–17255 · 16 sections
- § 17240 As used in this chapter: (a) “Reimbursement warrants” refers to warrants drawn by the Controller on the General Fund pursuant to this article to reimburse the…
- § 17240.5 (a) If the Controller requests that registered reimbursement warrants be issued, and the Governor determines pursuant to Section 16381 that the need for those…
- § 17241 To reimburse the General Cash Revolving Fund, the Controller may draw reimbursement warrants on the General Fund in the same manner as if General Cash…
- § 17242 If a reimbursement warrant represents an amount in excess of the balance remaining in the unapplied money in the General Fund after first deducting from such…
- § 17243 The Controller may fix a maturity date for reimbursement warrants, and indorse upon each warrant, the date upon which the principal amount of the warrant will…
- § 17244 (a) Notwithstanding any other provision of law, in lieu of prescribing a precise interest rate on registered reimbursement warrants, the committee may fix a…
- § 17245 Registered reimbursement warrants shall be sold by the Controller at public sale to the best bidders or in negotiated sales on the terms and conditions the…
- § 17246 Notice of public sale of registered reimbursement warrants shall be given by the Controller by publication, not less than three days prior to sale, at least…
- § 17247 The notice of public sale shall specify the amount of warrants to be sold, and the minimum amount for which the Controller will consider bids, and shall invite…
- § 17248 The Controller may give additional notice of any such sale in such form and manner as he may determine.
- § 17249 At the time specified in the notice of sale, the Controller shall open the bids, and award the warrants to the persons making the best bids as determined by…
- § 17250 The Controller shall endorse any registered reimbursement warrant so sold or to be sold in the name of and on behalf of the payee named in the warrant. The…
- § 17251 The cancellation, invalidity or abatement, in whole or in part, of any such claim, or of any warrant drawn against the General Cash Revolving Fund, does not…
- § 17252 It is not essential to the validity of the sale of any reimbursement warrant that it be actually registered prior to sale.
- § 17253 The proceeds of the sale of any registered reimbursement warrant shall be deposited in the State Treasury; an amount equal to its face value shall be credited…
- § 17255 (a) It is the intent of the Legislature, in enacting this section, to recognize the state’s General Fund budget deficit accumulated prior to July 1, 2009. It…