CHAPTER 4. California Infrastructure Guarantee Trust Fund

Chapter 4 added by Stats. 1994, Ch. 94, Sec. 1.

§§ 63060–63067 · 8 sections

• § 63060 (a) There is hereby created in the State Treasury the California Infrastructure Guarantee Trust Fund. Notwithstanding Section 13340 and except as provided in…
• § 63061 Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 and Article 2 (commencing with Section 13320) of Chapter 3 of…
• § 63062 (a) The bank may, from time to time, direct the Treasurer to invest moneys in the guarantee trust fund that are not required for its current needs in any…
• § 63063 (a) There is a guarantee reserve account in the guarantee trust fund to secure commitments under contracts to guarantee all or part of the bonds of the bank, a…
• § 63064 (a) The Legislature may from time to time appropriate or transfer to the guarantee reserve account from funds or accounts that are legally available, an amount…
• § 63065 (a) The obligation of the bank and of the state to pay any guarantee benefit pursuant to contracts of guarantee or any other contracts or obligations of the…
• § 63066 The bank may charge and collect insurance guarantee or enhancement premiums or other fees for the insurance guarantees or enhancements described in this…
• § 63067 (a) Moneys in the infrastructure bank fund received from the proceeds of bonds issued pursuant to this division may not be transferred to any other fund except…