CHAPTER 3. First-Time Home Buyers Bond Act of 1982

Chapter 3 added by Stats. 1982, Ch. 320, Sec. 12.

§§ 52525–52533 · 11 sections

• § 52525 This chapter shall be known and may be cited as the First-Time Home Buyers Bond Act of 1982.
• § 52526 The State General Obligation Bond Law is adopted for the purpose of the issuance, sale and repayment of, and otherwise providing with respect to, the bonds…
• § 52527 The First-Time Home Buyers Finance Committee is hereby created. The committee shall consist of the Governor, the Controller, the Treasurer, the Director of…
• § 52528 The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate of fifteen…
• § 52529 The committee, upon the request of the board stating the purposes for which the bonds are proposed to be used and the amount of the proposed issuance, shall…
• § 52529.5 Notwithstanding the provisions of Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code, the policy committee…
• § 52530 All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations…
• § 52531 There is hereby appropriated from the General Fund in the State Treasury for the purpose of this chapter such an amount as will equal the following: (a) Such…
• § 52532 For the purpose of carrying out the provisions of this chapter, the Director of Finance may by executive order authorize the withdrawal from the General Fund…
• § 52532.5 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…
• § 52533 Money in the First-Time Home Buyers Fund may only be expended for projects specified in this chapter.