California Government Code

§ 16945

GOV § 16945 Effective Aug 11, 2004Div. 4 · Title 2 · Part 3 · Ch. 8 · Art. 2

Statute text

The committee is authorized and empowered, for and in the name and on behalf of the state, to do all of the following:

(a)Upon the request of the Director of Finance, and following receipt of the determination of the Director of Finance pursuant to Section 16941, issue taxable or tax-exempt bonds for the purpose of funding or refunding pension obligations, paying related costs and ancillary obligations, or refunding any bonds previously issued pursuant to this chapter.

(b)Execute debentures or other instruments evidencing the pension obligations.

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Legislative history

Added by Stats. 2004, Ch. 215, Sec. 4. Effective August 11, 2004.