PART 6. CHILDREN'S HOSPITAL BOND ACT OF 2004 [1179.10. - 1179.43.]
Part 6 added November 2, 2004, by initiative Proposition 61, Sec. 1, a bond act.
§§ 1179.10–1179.43 · 22 sections
CHAPTER 1. General Provisions §§ 1179.10–1179.11 · 2 sections
CHAPTER 2. The Children’s Hospital Program §§ 1179.20–1179.25 · 6 sections
- § 1179.20 The proceeds of bonds issued and sold pursuant to this part shall be deposited in the Children’s Hospital Fund, which is hereby created.
- § 1179.21 The purpose of the Children’s Hospital Program is to improve the health and welfare of California’s critically ill children, by providing a stable and ready…
- § 1179.22 The authority is authorized to award grants to any children’s hospital for purposes of funding projects, as defined in subdivision (g) of Section 1179.11.
- § 1179.23 (a) Twenty percent of the total funds available for grants pursuant to this part shall be awarded to children’s hospitals as defined in paragraph (1) of…
- § 1179.24 (a) The authority shall develop a written application for the awarding of grants under this part within 90 days of the adoption of this act. The authority…
- § 1179.25 The Bureau of State Audits may conduct periodic audits to ensure that bond proceeds are awarded in a timely fashion and in a manner consistent with the…
CHAPTER 3. Fiscal Provisions §§ 1179.30–1179.43 · 14 sections
- § 1179.30 Bonds in the total amount of seven hundred fifty million dollars ($750,000,000), not including the amount of any refunding bonds, may be issued and sold to…
- § 1179.31 The bonds authorized by this part shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4…
- § 1179.32 (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 part, the…
- § 1179.33 The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this part in order to carry out the actions…
- § 1179.34 There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the…
- § 1179.35 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated continuously from the General Fund in the State Treasury, for the purposes…
- § 1179.36 For the purposes of carrying out this part, the Director of Finance may authorize the withdrawal from the General Fund of an amount not to exceed the amount of…
- § 1179.37 All money deposited in the fund that is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for…
- § 1179.38 Pursuant to Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code, the cost of bond issuance shall be paid out of…
- § 1179.39 The authority may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account in accordance with Section 16312 of the…
- § 1179.40 The bonds may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of Division 4 of Title 2 of the Government Code,…
- § 1179.41 Notwithstanding any other provision of this part, or of the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this part that include…
- § 1179.42 The people hereby find and declare that, inasmuch as the proceeds from the sale of bonds authorized by this part are not “proceeds of taxes” as that term is…
- § 1179.43 Notwithstanding any other provision of this part, the provisions of this part are severable. If any provision of this part or its application is held invalid,…