California Government Code

§ 16482

GOV § 16482 Effective Oct 11, 2009Div. 4 · Title 2 · Part 2 · Ch. 3 · Art. 4.5

Statute text

(a)Subject to subdivisions (b) and (c), and notwithstanding any other provision of law, any state agency that has entered into a grant agreement for the expenditure of state bond funds where the state agency or grant recipient is, or may be, unable to comply with the terms of that agreement because of the suspension of interim funding for projects and contracts by the Pooled Money Investment Board on or after December 18, 2008, shall, with the consent of the grant recipient, have authority to do either of the following:

(1)Renegotiate, modify, or eliminate the deadlines and timetables for deliverables within the grant agreement in order to address the suspension.

(2)Terminate the grant agreement if no grant funds have yet been delivered thereunder.

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Legislative history

Added by Stats. 2009, Ch. 526, Sec. 1. (AB 1364) Effective October 11, 2009.