ARTICLE 2.5. California Stem Cell Research, Treatments, and Cures Bond Act of 2020
Article 2.5 added November 3, 2020, by initiative Proposition 14, Sec. 24.
§§ 125291.90–125291.165 · 16 sections
- § 125291.90 This article shall be known, and may be cited, as the California Stem Cell Research, Treatments, and Cures Bond Act of 2020.
- § 125291.95 As used in this article, the following terms have the following meanings: (a) “Act” means the California Stem Cell Research and Cures Act constituting this…
- § 125291.100 (a) Notwithstanding Section 13340 of the Government Code or any other provision of law, moneys in the fund are appropriated without regard to fiscal years to…
- § 125291.105 The proceeds of interim debt and bonds issued and sold pursuant to this article shall be deposited in the State Treasury to the credit of the California Stem…
- § 125291.110 Bonds in the total amount of five billion five hundred million dollars ($5,500,000,000), not including the amount of any refunding bonds issued in accordance…
- § 125291.115 The bonds authorized by this article shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
- § 125291.120 (a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720)…
- § 125291.125 (a) The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this article in order to carry out the…
- § 125291.130 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…
- § 125291.135 Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this…
- § 125291.140 For purposes of carrying out this article, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts, not to exceed…
- § 125291.145 The institute may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account in accordance with Section 16312 of the…
- § 125291.150 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…
- § 125291.155 The bonds issued and sold pursuant to this article may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of…
- § 125291.160 Notwithstanding any provision of this article or the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of…
- § 125291.165 The proceeds from the sale of bonds authorized by this article are not “proceeds of taxes” as that term is used in Article XIIIB of the California…