PART 12. HOUSING AND EMERGENCY SHELTER TRUST FUND ACT OF 2006 [53540. - 53558.]
Part 12 added by Stats. 2006, Ch. 27, Sec. 2.
§§ 53540–53558 · 22 sections
CHAPTER 1. General Provisions §§ 53540–53541 · 2 sections
- § 53540 (a) This part shall be known as the Housing and Emergency Shelter Trust Fund Act of 2006. (b) This part shall only become operative upon adoption by the voters…
- § 53541 As used in this part, the following terms have the following meanings: (a) “Board” means the Department of Housing and Community Development for programs…
CHAPTER 2. Housing and Emergency Shelter Trust Fund of 2006 and Program §§ 53545–53545.15 · 7 sections
- § 53545 The Housing and Emergency Shelter Trust Fund of 2006 is hereby created in the State Treasury. The Legislature intends that the proceeds of bonds deposited in…
- § 53545.9 Of the one hundred million dollars ($100,000,000) transferred to the Affordable Housing Innovation Fund established in the State Treasury under subparagraph…
- § 53545.11 (a) (1) For purposes of the Infill Incentive Grant Program of 2007 established pursuant to Section 53545.13, in the City and County of Los Angeles, where the…
- § 53545.12 For the purposes of the grant program established in Section 53545.13, the following definitions apply: (a) “Capital improvement project” means the…
- § 53545.13 (a) The Infill Incentive Grant Program of 2007 is hereby established to be administered by the department. (b) Upon appropriation of funds by the Legislature…
- § 53545.14 (a) Upon appropriation of funds by the Legislature for purposes of implementing paragraph (2) of subdivision (b) of Section 53545, the Capital Programs and…
- § 53545.15 (a) Notwithstanding any other law, funds appropriated for deposit into the Transit-Oriented Development Implementation Fund by Item 2240-101-9736 of the Budget…
CHAPTER 3. Fiscal Provisions §§ 53546–53558 · 13 sections
- § 53546 Bonds in the total amount of two billion eight hundred fifty million dollars ($2,850,000,000), exclusive of refunding bonds, or so much thereof as is…
- § 53547 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…
- § 53548 (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…
- § 53549 Upon request of the board stating that funds are needed for purposes of this part, the committee shall determine whether or not it is necessary or desirable to…
- § 53550 There shall be collected annually, in the same manner and at the same time as other state revenue is collected, a sum of money in addition to the ordinary…
- § 53551 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this part,…
- § 53552 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…
- § 53553 For the purpose of carrying out this part, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of any amount or…
- § 53554 The bonds may be refunded in accordance with Article 6 (commencing with Section 16780) of the State General Obligation Bond Law. Approval by the electors of…
- § 53555 Notwithstanding any provisions in the State General Obligation Bond Law, the maximum maturity of any bonds authorized by this part shall not exceed 30 years…
- § 53556 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…
- § 53557 Notwithstanding any provision of the State General Obligation Bond Law with regard to the proceeds from the sale of bonds authorized by this part that are…
- § 53558 All money derived from premium and accrued interest on bonds sold pursuant to this chapter shall be transferred to the General Fund as a credit to expenditures…