California Government Code ARTICLE 7.5 - Borrowing Authority

• Section 8670.53.1.
  (a)  Following an oil spill, the administrator, in consultation with the Treasurer, shall notify the Governor if the administrator determines that it is likely that...
• Section 8670.53.2.
  Money borrowed pursuant to this chapter, including draws on the financial security obtained pursuant to subdivision (o) of Section 8670.48, shall be expended and repaid...
• Section 8670.53.3.
  (a) For purposes of this section, the following definitions shall apply:(1) “Bond” means any bond, note, commercial paper, bond anticipation note, or other evidence of indebtedness that...
• Section 8670.53.4.
  (a) With the exception of borrowing from the Pooled Money Investment Account, which shall be on the terms determined by the Pooled Money Investment Board, the...
• Section 8670.53.5.
  Any financial arrangements made or issued pursuant to this article or subdivision (o) of Section 8670.48, including the issuance of bonds or other obligations, and...
• Section 8670.53.7.
  (a) All financial arrangements made or issued pursuant to this article or subdivision (o) of Section 8670.48, including bonds or other obligations, are a legal investment...
• Section 8670.53.8.
  Notwithstanding Section 13340, there is hereby appropriated from the fund, without regard to fiscal years, any and all moneys necessary to pay principal, interest, premium,...
• Section 8670.53.9.
  Whenever the Treasurer determines that it will increase the marketability or reduce the cost of obtaining any standby arrangement, other arrangement, or of issuing any...
• Section 8670.53.95.
  Section 10295 and Sections 10336 to 10381, inclusive, of the Public Contract Code shall not apply to agreements entered into by the Treasurer in connection...

Last modified: October 22, 2018