CHAPTER 3. California Infrastructure and Economic Development Bank Fund

Heading of Chapter 3 amended (as added by Stats. 1994, Ch. 94) by Stats. 1994, Ch. 749, Sec. 17.

§§ 63050–63056 · 6 sections

• § 63050 (a) There is hereby created in the State Treasury the California Infrastructure and Economic Development Bank Fund for the purpose of implementing the…
• § 63052 (a) The bank may pledge any or all of the moneys in the fund as security for payment of the principal of, and interest on, any particular issuance of bonds…
• § 63053 (a) The bank may administer and distribute among its accounts and subaccounts, at its discretion, the proceeds from any general obligation bonds issued in…
• § 63054 All expenses incurred in carrying out the purposes of this division shall be payable solely from funds provided pursuant to this division, and no liability or…
• § 63055 (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…
• § 63056 (a) 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…