California Government Code ARTICLE 1 - General

  • Section 16720.
    This chapter shall be known and may be cited as the State General Obligation Bond Law.(Added by Stats. 1953, Ch. 1698.)
  • Section 16721.
    The purpose of this chapter is to provide a procedure which may be adopted by other acts for use with whatever modifications are necessary in...
  • Section 16722.
    As used in this chapter, the following terms shall have the following meaning unless the context otherwise requires:(a) “Board” means the state board, department, or agency...
  • Section 16723.
    Any bond act may adopt the provisions of this chapter by reference to its short title, and such reference shall serve to incorporate the provisions...
  • Section 16724.
    The bond act shall contain all of the following provisions:(a) A statement of the total amount of bonds authorized to be issued and the purpose for...
  • Section 16724.4.
    Any state bond measure approved by the voters on or after January 1, 2004, shall be subject to an annual reporting process, as follows:(a) The head...
  • Section 16724.5.
    (a) For purposes of this section, “revolving fund” means the General Obligation Bond Expense Revolving Fund created pursuant to this section.(b) There is in the State Treasury...
  • Section 16724.6.
    There is hereby transferred from any bond fund created for the proceeds of sales of state general obligation bonds, the amounts necessary to reimburse the...
  • Section 16724.7.
    Costs incurred by the state in connection with state general obligation bonds bearing variable interest rates that are different from costs determined by the Treasurer...
  • Section 16725.
    The Controller, the State Treasurer and the committee shall keep full and particular account and record of all their proceedings under the bond act and...
  • Section 16726.
    Upon request of the board stating that the purposes for which the bonds were issued and sold has been effected, the committee shall certify this...
  • Section 16727.
    Proceeds from the sale of any bonds issued pursuant to this chapter shall be used only for the following purposes:(a) The costs of construction or acquisition...

Last modified: October 22, 2018