California Government Code ARTICLE 3 - Reimbursement and Refunding Warrants

• Section 17240.
  As used in this chapter:(a) “Reimbursement warrants” refers to warrants drawn by the Controller on the General Fund pursuant to this article to reimburse the General...
• Section 17240.5.
  (a) If the Controller requests that registered reimbursement warrants be issued, and the Governor determines pursuant to Section 16381 that the need for those warrants is...
• Section 17241.
  To reimburse the General Cash Revolving Fund, the Controller may draw reimbursement warrants on the General Fund in the same manner as if General Cash...
• Section 17242.
  If a reimbursement warrant represents an amount in excess of the balance remaining in the unapplied money in the General Fund after first deducting from...
• Section 17243.
  The Controller may fix a maturity date for reimbursement warrants, and indorse upon each warrant, the date upon which the principal amount of the warrant...
• Section 17244.
  (a) Notwithstanding any other provision of law, in lieu of prescribing a precise interest rate on registered reimbursement warrants, the committee may fix a maximum rate...
• Section 17245.
  Registered reimbursement warrants shall be sold by the Controller at public sale to the best bidders or in negotiated sales on the terms and conditions...
• Section 17246.
  Notice of public sale of registered reimbursement warrants shall be given by the Controller by publication, not less than three days prior to sale, at...
• Section 17247.
  The notice of public sale shall specify the amount of warrants to be sold, and the minimum amount for which the Controller will consider bids,...
• Section 17248.
  The Controller may give additional notice of any such sale in such form and manner as he may determine.(Added by Stats. 1945, Ch. 120.)
• Section 17249.
  At the time specified in the notice of sale, the Controller shall open the bids, and award the warrants to the persons making the best...
• Section 17250.
  The Controller shall endorse any registered reimbursement warrant so sold or to be sold in the name of and on behalf of the payee named...
• Section 17251.
  The cancellation, invalidity or abatement, in whole or in part, of any such claim, or of any warrant drawn against the General Cash Revolving Fund,...
• Section 17252.
  It is not essential to the validity of the sale of any reimbursement warrant that it be actually registered prior to sale.(Added by Stats. 1945,...
• Section 17253.
  The proceeds of the sale of any registered reimbursement warrant shall be deposited in the State Treasury; an amount equal to its face value shall...
• Section 17255.
  (a) It is the intent of the Legislature, in enacting this section, to recognize the state’s General Fund budget deficit accumulated prior to July 1, 2009....

Last modified: October 22, 2018