CHAPTER 12.45. California Earthquake Safety and Housing Rehabilitation Bond Act of 1988
Chapter 12.45 added by Stats. 1988, Ch. 27, Sec. 2.
§§ 8878.15–8878.35 · 17 sections
ARTICLE 1. General Provisions §§ 8878.15–8878.16 · 2 sections
ARTICLE 2. California Earthquake Safety and Housing Rehabilitation Program §§ 8878.20–8878.22 · 3 sections
- § 8878.20 (a) Of the proceeds of bonds issued and sold pursuant to this chapter, eighty million dollars ($80,000,000) shall be deposited in a special account in the…
- § 8878.21 Of the proceeds of bonds issued and sold pursuant to this chapter, seventy million dollars ($70,000,000) shall be deposited in a special account in the Housing…
- § 8878.22 Notwithstanding the allocation of bond proceeds specified in Sections 8878.20 and 8878.21, the director of the department every two years, commencing June 30,…
ARTICLE 3. Fiscal Provisions §§ 8878.25–8878.35 · 12 sections
- § 8878.25 Bonds in the total amount of one hundred fifty million dollars ($150,000,000), exclusive of refunding bonds issued pursuant to Section 8878.34, or so much…
- § 8878.26 The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
- § 8878.27 (a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter,…
- § 8878.28 The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions…
- § 8878.29 There shall be collected annually in the same manner and at the same time as other state revenue is collected, a sum of money in addition to the ordinary…
- § 8878.30 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
- § 8878.31 For the purposes of carrying out this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of an amount or…
- § 8878.315 Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of…
- § 8878.32 All money deposited in the fund which is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for…
- § 8878.33 The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that…
- § 8878.34 Any bonds issued and sold pursuant to this chapter may be refunded by the issuance of refunding bonds in accordance with Article 6 (commencing with Section…
- § 8878.35 The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the…