BlackletterCalifornia law

PART 6.1. CHILDREN'S HOSPITAL BOND ACT OF 2008 [1179.50. - 1179.72.]

Part 6.1 added November 4, 2008, by initiative Proposition 3, a bond act.

§§ 1179.50–1179.72 · 22 sections

  1. CHAPTER 1. General Provisions §§ 1179.50–1179.51 · 2 sections
    • § 1179.50 (a) This part shall be known and may be cited as the Children’s Hospital Bond Act of 2008. (b) California’s network of regional children’s hospitals provide…
    • § 1179.51 As used in this part, the following terms have the following meanings: (a) “Authority” means the California Health Facilities Financing Authority established…
  2. CHAPTER 2. The Children’s Hospital Program §§ 1179.53–1179.58 · 6 sections
    • § 1179.53 The proceeds of bonds issued and sold pursuant to this part shall be deposited in the Children’s Hospital Bond Act Fund, which is hereby created.
    • § 1179.54 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…
    • § 1179.55 The authority is authorized to award grants to any children’s hospital for purposes of funding projects, as defined in subdivision (g) of Section 1179.51.
    • § 1179.56 (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…
    • § 1179.57 (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…
    • § 1179.58 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…
  3. CHAPTER 3. Fiscal Provisions §§ 1179.59–1179.72 · 14 sections
    • § 1179.59 Bonds in the total amount of nine hundred eighty million dollars ($980,000,000), not including the amount of any refunding bonds, may be issued and sold to…
    • § 1179.60 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…
    • § 1179.61 (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…
    • § 1179.62 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…
    • § 1179.63 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…
    • § 1179.64 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated continuously from the General Fund in the State Treasury, for the purposes…
    • § 1179.65 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…
    • § 1179.66 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…
    • § 1179.67 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…
    • § 1179.68 The authority may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, including other authorized forms of…
    • § 1179.69 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,…
    • § 1179.70 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…
    • § 1179.71 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…
    • § 1179.72 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,…