California Government Code

§ 15819.403

GOV § 15819.403 Effective Jul 12, 2021Div. 3 · Title 2 · Part 10b · Ch. 3.2.1

Statute text

(a)The board may issue revenue bonds, negotiable notes, or negotiable bond anticipation notes pursuant to this part to finance the design and construction, including, without limitation, renovation, and the costs of interim financing of the projects authorized in Section 15819.40. Authorized costs for design and construction, including, without limitation, renovation, and construction-related costs for all projects approved for financing by the board shall not exceed one billion six million three hundred sixty-nine thousand dollars ($1,006,369,000) for subdivision (a) of Section 15819.40, and one billion one hundred twenty-nine million one hundred fifty-seven thousand dollars ($1,129,157,000) for subdivision (b) of Section 15819.40.

(b)Notwithstanding Section 13340, funds derived from interim financing, revenue bonds, negotiable notes, or negotiable bond anticipation notes issued pursuant to this chapter are hereby continuously appropriated to the board on behalf of the Department of Corrections and Rehabilitation for the purposes specified in Section 15819.40.

(c)For the purposes of this section, “construction-related costs” shall include mitigation costs of local government and school districts and shall be made available pursuant to subdivisions (c) and (d) of Section 7005.5 of the Penal Code. It is the intent of the Legislature that any payments made for mitigation shall be made in a timely manner.

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Legislative history

Amended by Stats. 2021, Ch. 72, Sec. 1. (SB 146) Effective July 12, 2021.