PART 4. GOLDEN STATE ENERGY FINANCING POWER [3440. - 3446.]

Part 4 added by Stats. 2020, Ch. 27, Sec. 12.

§§ 3440–3446 · 4 sections

• § 3440 (a) Golden State Energy shall be exempt from franchise and corporate income tax pursuant to Section 23701 of the Revenue and Taxation Code. Indebtedness issued…
• § 3442 (a) Golden State Energy indebtedness shall not be deemed to constitute a debt or liability of the state or of any political subdivision thereof, or a pledge of…
• § 3444 (a) Chapter 9 (commencing with Section 5700) of Division 6 of Title 1 of the Government Code shall not apply to any bonds or other forms of indebtedness issued…
• § 3446 While any indebtedness issued by or on behalf of Golden State Energy remains outstanding, the State of California pledges to the holders of any such…