California Government Code CHAPTER 4 - California Infrastructure Guarantee Trust Fund

• Section 63060.
  (a) There is hereby created in the State Treasury the California Infrastructure Guarantee Trust Fund.Notwithstanding Section 13340 and except as provided in subdivision (b), all money...
• Section 63061.
  Notwithstanding Chapter 2 (commencing with Section 12850) of Part 2.5 of Division 3 of Title 2 and Article 2 (commencing with Section 13320) of Chapter...
• Section 63062.
  (a) The bank may, from time to time, direct the Treasurer to invest moneys in the guarantee trust fund that are not required for its current...
• Section 63063.
  (a) There is a guarantee reserve account in the guarantee trust fund to secure commitments under contracts to guarantee all or part of the bonds of...
• Section 63064.
  (a) The Legislature may from time to time appropriate or transfer to the guarantee reserve account from funds or accounts that are legally available, an amount...
• Section 63065.
  (a) The obligation of the bank and of the state to pay any guarantee benefit pursuant to contracts of guarantee or any other contracts or obligations...
• Section 63066.
  The bank may charge and collect insurance guarantee or enhancement premiums or other fees for the insurance guarantees or enhancements described in this chapter and...
• Section 63067.
  (a) Moneys in the infrastructure bank fund received from the proceeds of bonds issued pursuant to this division may not be transferred to any other fund...

Last modified: October 22, 2018