California Government Code

§ 9125.5

GOV § 9125.5 Effective Jun 27, 2018Div. 2 · Title 2 · Part 1 · Ch. 1.5 · Art. 5.6

Statute text

(a)(1) The State Public Works Board may issue lease-revenue bonds, notes, or bond anticipation notes in an amount not exceeding four hundred twenty-two million five hundred eighty-seven thousand dollars ($422,587,000) pursuant to Chapter 5 (commencing with Section 15830) of Part 10b of Division 3 to finance the acquisition, design, and construction of the projects authorized by Section 9125.

(2)The amount described in paragraph (1) shall be available in addition to any other funds that may be available for the projects authorized by Section 9125, including, but not limited to, transfers from the State Project Infrastructure Fund, as contemplated in subparagraph (D) of paragraph (2) of subdivision (a) of Section 14692.

(b)The State Public Works Board, together with the Department of General Services, may obtain interim financing for the costs of the projects authorized by Section 9125 from any appropriate source.

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Legislative history

Added by Stats. 2018, Ch. 40, Sec. 6. (AB 1826) Effective June 27, 2018.