ARTICLE 4. Appropriation, Security, Sale and Funds [485. - 486.2.]
Article 4 added by Stats. 1978, Ch. 1274.
§§ 485–486.2 · 12 sections
- § 485 There is in the State Treasury, a revolving fund known as the California National Guard Members’ Farm and Home Building Fund of 1978. Proceeds of the sale of…
- § 485.1 There is hereby created in the California National Guard Members’ Farm and Home Building Fund of 1978, a special account known as the National Guard Members’…
- § 485.3 The revenues shall be pledged first to the payment of the principal of and interest on the revenue bonds and to all funds created for the further security of…
- § 485.35 The Supplementary Bond Security Account is hereby created in the California National Guard Members’ Farm and Home Building Fund of 1978. Any moneys…
- § 485.4 The department shall at all times so long as any of the revenue bonds are outstanding establish, fix, and collect payments on all purchase contracts to produce…
- § 485.6 All interest and other payments or charges of any kind or character due under any and all such contracts shall be payable in such coin or currency of the…
- § 485.7 All revenues to be received by the department from purchase contracts shall be directly, concurrently, and exclusively pledged to the payment of revenue bonds.
- § 485.8 The revenue bond principal and interest payments and any premium payable upon revenue bonds called for redemption, and all payments required for reserve funds,…
- § 485.9 Whenever the National Guard Members’ Finance Committee finds that the interest rate then fixed and charged by the department on any purchase contract is not…
- § 486 The State Controller is hereby authorized to make all necessary orders to provide for the establishment of special funds or accounts authorized by any…
- § 486.1 Revenue bonds authorized under any resolution of issuance approved by the National Guard Members’ Finance Committee shall be sold by the State Treasurer upon…
- § 486.2 In the event the State Treasurer shall proceed with the sale of revenue bonds, all costs and expenses of publication of notice of sale shall be a charge…