BlackletterCalifornia law

PART 16. Veterans and Affordable Housing Bond Act of 2018

Part 16 added by Stats. 2017, Ch. 365, Sec. 3.

§§ 54000–54034 · 20 sections

  1. CHAPTER 1. General Provisions §§ 54000–54004 · 3 sections
    • § 54000 Together with Article 5z (commencing with Section 998.600) of Chapter 6 of Division 4 of the Military and Veterans Code, this part shall be known, and may be…
    • § 54002 As used in this part, the following terms have the following meanings: (a) “Board” means the Department of Housing and Community Development for programs…
    • § 54004 This part shall only become operative upon adoption by the voters at the November 6, 2018, statewide general election.
  2. CHAPTER 2. Affordable Housing Bond Act Trust Fund of 2018 and Program §§ 54006–54009 · 4 sections
    • § 54006 The Affordable Housing Bond Act Trust Fund of 2018 is hereby created within the State Treasury. It is the intent of the Legislature that the proceeds of bonds…
    • § 54007 (a) (1) Notwithstanding any other provision of this part, the Department of Housing and Community Development may provide technical assistance to eligible…
    • § 54008 (a) The Legislature may, from time to time, amend any law related to programs to which funds are, or have been, allocated pursuant to this chapter for the…
    • § 54009 Programs funded with bond proceeds shall, when allocating financial support, give preference to projects that are “public works” for purposes of Chapter 1…
  3. CHAPTER 3. Fiscal Provisions §§ 54010–54034 · 13 sections
    • § 54010 Bonds in the total amount of three billion dollars ($3,000,000,000), exclusive of refunding bonds issued pursuant to Section 54026, or so much thereof as is…
    • § 54012 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…
    • § 54014 (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…
    • § 54016 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…
    • § 54018 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…
    • § 54020 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,…
    • § 54022 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…
    • § 54024 For purposes of carrying out this part, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of any amount or…
    • § 54026 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.…
    • § 54028 Notwithstanding any provisions in the State General Obligation Bond Law, the maturity date of any bonds authorized by this part shall not be later than 35…
    • § 54030 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…
    • § 54032 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…
    • § 54034 All moneys derived from premiums and accrued interest on bonds sold pursuant to this part shall be transferred to the General Fund as a credit to expenditures…