CHAPTER 4. Behavioral Health Infrastructure Bond Act of 2024
Chapter 4 added by Stats. 2023, Ch. 789, Sec. 4.
§§ 5965–5967.01 · 21 sections
- § 5965 This chapter shall be known, and may be cited, as the Behavioral Health Infrastructure Bond Act of 2024.
- § 5965.01 The purposes and intent in enacting this act are as follows: (a) Bonds issued under this act are to develop an array of treatment, residential care settings,…
- § 5965.02 As used in this chapter, the following terms have the following meanings: (a) “Act” means the Behavioral Health Infrastructure Bond Act of 2024 (Chapter 4…
- § 5965.03 (a) The proceeds of interim debt and bonds, excluding proceeds used directly to repay interim debt and excluding bonds issued in accordance with Section…
- § 5965.04 (a) Moneys in the fund shall be used for any of the following purposes: (1) Making loans or grants administered by the Department of Housing and Community…
- § 5965.05 (a) (1) Bonds in the total amount of six billion three hundred eighty million dollars ($6,380,000,000) not including the amount of refunding bonds issued in…
- § 5965.06 The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law…
- § 5965.07 (a) Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter,…
- § 5965.08 (a) The committee shall determine, by resolution, whether it is necessary or desirable to issue and sell bonds authorized pursuant to this chapter to carry out…
- § 5965.09 (a) 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…
- § 5965.10 Notwithstanding Section 13340 of the Government Code, there is hereby continuously appropriated from the General Fund in the State Treasury, for the purposes…
- § 5965.11 (a) For the purpose of carrying out this chapter, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to…
- § 5965.12 (a) The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the…
- § 5965.13 All moneys deposited in the fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter shall be reserved in the fund and…
- § 5965.14 (a) The bonds issued and sold pursuant to this chapter may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of Part 3 of…
- § 5965.15 (a) Notwithstanding any provision of this chapter or the State General Obligation Bond Law, if the Treasurer sells bonds pursuant to this chapter that include…
- § 5965.16 The proceeds from the sale of bonds authorized by this chapter are not “proceeds of taxes” as that term is used in Article XIIIB of the California…
- § 5966 (a) (1) The Department of Housing and Community Development, in coordination with the Department of Veterans Affairs, shall determine the methodology and…
- § 5966.02 (a) (1) Notwithstanding any other law, funds allocated for the purposes specified in paragraphs (1) and (2) of subdivision (a) of Section 5965.04 shall be…
- § 5967 The Department of Health Care Services shall determine the methodology and distribution of the funds provided pursuant to paragraphs (3) and (4) of subdivision…
- § 5967.01 (a) Notwithstanding any other law, funds allocated for the purposes specified in paragraph (3) of subdivision (a) of Section 5965.04 shall be disbursed in…