PART 11. HOUSING AND EMERGENCY SHELTER TRUST FUND ACT OF 2002 [53500. - 53534.]

Part 11 added by Stats. 2002, Ch. 26, Sec. 8.

§§ 53500–53534 · 17 sections

1. CHAPTER 1. General Provisions §§ 53500–53501 · 2 sections

   • § 53500 This part shall be known and may be cited as the Housing and Emergency Shelter Trust Fund Act of 2002.
   • § 53501 As used in this part, the following terms have the following meanings: (a) “Committee” means the Housing Finance Committee created pursuant to Section 53524.…
2. CHAPTER 2. Housing and Emergency Shelter Trust Fund § 53520 · 1 section

   • § 53520 The proceeds of bonds issued and sold pursuant to this part shall be deposited in the Housing and Emergency Shelter Trust Fund, which is hereby created. Money…
3. CHAPTER 3. Fiscal Provisions §§ 53521–53532 · 12 sections

   • § 53521 Bonds in the total amount of two billion one hundred million dollars ($2,100,000,000) exclusive of refunding bonds, or so much thereof as is determined…
   • § 53522 Any bonds issued and sold pursuant to this part may be refunded by the issuance of refunding bonds in accordance with Article 6 (commencing with Section 16780)…
   • § 53523 (a) The bonds authorized by this part shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
   • § 53524 (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…
   • § 53525 Upon request of the board stating that funds are needed for the purposes of this chapter, the committee shall determine whether or not it is necessary or…
   • § 53526 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…
   • § 53527 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund, for the purposes of this part, an amount that will…
   • § 53528 For the purposes of carrying out this part, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed…
   • § 53529 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…
   • § 53530 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…
   • § 53531 All money deposited in the fund that is derived from premiums and accrued interest on bonds sold shall be reserved in the fund and shall be available for…
   • § 53532 The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this part are not “proceeds of taxes” as that…
4. CHAPTER 4. Allocation of Housing Bond Revenues §§ 53533–53534 · 2 sections

   • § 53533 (a) Moneys deposited in the fund from the sale of bonds pursuant to this part shall be allocated for expenditure in accordance with the following schedule: (1)…
   • § 53534 (a) The Legislature finds and declares all of the following: (1) The projected budget deficit for the 2003–04 fiscal year represents the largest fiscal…