California Penal Code CHAPTER 14 - New Prison Construction Bond Act of 1986

  • Section 7300.
    This chapter shall be known and may be cited as the New Prison Construction Bond Act of 1986.(Added by Stats. 1986, Ch. 409, Sec. 1....
  • Section 7301.
    The State General Obligation Bond Law is adopted for the purpose of the issuance, sale and repayment of, and otherwise providing with respect to, the...
  • Section 7302.
    There is in the State Treasury the 1986 Prison Construction Fund, which fund is hereby created. The proceeds of the sale of bonds authorized by...
  • Section 7303.
    The 1986 Prison Construction Committee is hereby created. The committee shall consist of the Controller, the State Treasurer, and the Director of Finance. That committee...
  • Section 7304.
    The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate of...
  • Section 7305.
    The committee may determine whether or not it is necessary or desirable to issue any bonds authorized under this chapter, and if so, the amount...
  • Section 7306.
    The moneys in the fund shall be used for the acquisition, construction, renovation, remodeling, and deferred maintenance of state youth and adult corrections facilities.(Added by...
  • Section 7307.
    (a) All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations of the...
  • Section 7308.
    There is hereby appropriated from the General Fund in the State Treasury for the purpose of this chapter such an amount as will equal the...
  • Section 7309.
    For the purpose of carrying out the provisions of this chapter, the Director of Finance may by executive order authorize the withdrawal from the General...
  • Section 7309.5.
    Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3...
  • Section 7310.
    All proceeds from the sale of bonds, except those derived from premiums and accrued interest, shall be available for the purpose provided in Section 7306...
  • Section 7311.
    Money in the fund may only be expended pursuant to appropriations by the Legislature.(Added by Stats. 1986, Ch. 409, Sec. 1. Approved in Proposition 54...

Last modified: October 22, 2018