ARTICLE 2.5. Guarantees for Local Agency Bonds

Article 2.5 added by Stats. 1988, Ch. 47, Sec. 1.

§§ 13425–13433 · 9 sections

• § 13425 Applications for guarantees for local agency bonds under this chapter shall include: (a) A description of the proposed facilities. (b) A financing plan for the…
• § 13426 The state board, subject to approval by the Director of Finance, may agree to provide a guarantee pursuant to this article for all or a specified part of the…
• § 13427 No guarantee shall be extended to any applicant unless it executes an agreement with the state board under which the applicant agrees to the following…
• § 13428 Notwithstanding Section 13340 of the Government Code, the money in the Clean Water Bond Guarantee Fund, which is hereby created, is continuously appropriated…
• § 13429 Money in the Clean Water Bond Guarantee Fund not needed for making payments on guaranteed bonds pursuant to this chapter shall be invested pursuant to law. All…
• § 13430 The state board’s authorization to guarantee bonds under this article shall be limited to bonds with a total principal amount of not more than 10 times the…
• § 13431 Under no circumstances shall the amount paid out as a result of bond guarantees extended pursuant to this article exceed the amount in the Clean Water Bond…
• § 13432 The state board may charge an annual fee not to exceed one-tenth of 1 percent of the principal amount of each bond issue that it guarantees for guarantee…
• § 13433 The state board shall, by regulation, prescribe rules and procedures for all of the following: (a) To pay money from the Clean Water Bond Guarantee Fund to an…