California Elections Code ARTICLE 5 - Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act)

• Section 19250.
  This article shall be known and may be cited as the Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act).(Added by renumbering Section 19230 by Stats....
• Section 19251.
  The State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code),...
• Section 19252.
  As used in this article:(a) “Board” means the Voting Modernization Board, established pursuant to Section 19256.(b) “Bond” means a state general obligation bond issued pursuant to this...
• Section 19253.
  (a) The Voting Modernization Finance Committee is hereby established for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law,...
• Section 19254.
  (a) The committee may create a debt or debts, liability or liabilities, of the State of California, in the aggregate amount of not more than two...
• Section 19255.
  The Legislature may amend subdivisions (c) and (d) of Section 19254 and Section 19256 by a statute, passed in each house of the Legislature by...
• Section 19256.
  The Voting Modernization Board is hereby established and designated the “board” for purposes of the State General Obligation Bond Law, and for purposes of administering...
• Section 19257.
  (a) All bonds authorized by this article, when duly sold and delivered as provided herein, constitute valid and legally binding general obligations of the State of...
• Section 19258.
  Notwithstanding Section 13340 of the Government Code, there is hereby continuously appropriated from the General Fund, for purposes of this article, a sum of money...
• Section 19259.
  For purposes of this article, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of a sum of money...
• Section 19260.
  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...
• Section 19261.
  Upon request of the board, supported by a statement of its plans and projects approved by the Governor, the committee shall determine whether to issue...
• Section 19262.
  (a) The committee may authorize the Treasurer to sell all or any part of the bonds authorized by this article at the time or times established...
• Section 19263.
  Out of the first money realized from the sale of bonds as provided by this article, there shall be redeposited in the General Obligation Bond...
• Section 19264.
  Any bonds issued and sold pursuant to this article may be refunded in accordance with Article 6 (commencing with Section 16780) of Chapter 4 of...
• Section 19265.
  Notwithstanding any provision of the bond act, if the Treasurer sells bonds under this article for which bond counsel has issued an opinion to the...
• Section 19266.
  The Legislature hereby finds and declares that, inasmuch as the proceeds from the sale of bonds authorized by this article are not “proceeds of taxes”...

Last modified: October 22, 2018