CHAPTER 2. Fiscal Provisions [4480. - 4495.]
Chapter 2 added by Stats. 1986, Ch. 12, Sec. 1.
§§ 4480–4495 · 20 sections
- § 4480 The State General Obligation Bond Law is adopted for the purpose of the issuance, sale, and repayment of, and otherwise providing with respect to, the bonds…
- § 4481 As used in this title, and for the purpose of this title, the following words shall have the following meanings: (a) “Committee” means the 1986 County…
- § 4482 There is in the State Treasury the 1986 County Correctional Facility Capital Expenditure Fund, which fund is hereby created.
- § 4483 For the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this title, the 1986 County…
- § 4484 The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate amount of…
- § 4485 Moneys in the fund may be available for the construction, reconstruction, remodeling, and replacement of county jail facilities, including, but not limited to,…
- § 4485.5 During the design and planning stage for county jail facilities whose construction, reconstruction, or remodeling is financed by the fund, consideration shall…
- § 4485.6 In order to be eligible to receive funds derived from the issuance of General Obligation Bonds under this title, a county shall do all of the following: (a)…
- § 4485.7 Moneys in the fund may be available for construction of joint-use correctional facilities housing county and state or federal prisoners or any combination…
- § 4486 (a) When sold, the bonds authorized by this title shall constitute valid and legally binding general obligations of the State of California, and the full faith…
- § 4487 All money deposited in the fund pursuant to any provision of law requiring repayments to the state for assistance financed by the proceeds of the bonds…
- § 4488 There is hereby appropriated from the General Fund in the State Treasury for the purpose of this title such an amount as will equal the following: (a) That sum…
- § 4489 For the purpose of carrying out the provisions of this title, the Director of Finance may by executive order authorize the withdrawal from the General Fund of…
- § 4489.5 Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of…
- § 4490 The committee may authorize the Treasurer to sell all or any part of the bonds herein authorized at such time or times as may be fixed by the Treasurer.
- § 4491 All proceeds from the sale of bonds, except those derived from premiums and accrued interest, shall be available for the purpose provided in Section 4485 but…
- § 4492 Notwithstanding Section 16305.7 of the Government Code, all interest or other increment resulting from the investment of moneys deposited in the fund shall be…
- § 4493 Money in the fund may only be expended for projects specified in this title as allocated in appropriations made by the Legislature.
- § 4494 (a) It is the intent of the people in enacting this bond act that jail authorization and construction proceed as quickly as possible. Due to the severe…
- § 4495 If any provision of this title, or the application thereof, is held to be invalid, that invalidity shall not affect the other provisions or applications of the…