Public-domain · open source
OpenJurist

Cal. Gov. Code § 16722

General

Known as the State General Obligation Bond Law

The act spans §§ 16720–16787 (51 sections).

Applied in 1 court decision — leading case 228 Cal. App. 4th 676 - California High-Speed Rail Authority v. Superior Court (2014)

Most recently applied in 228 Cal. App. 4th 676 - California High-Speed Rail Authority v. Superior Court (July 2014)

Amended by Stats. 2001, Ch. 97, Sec. 1

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 authorized by that act to request the committee to cause bonds to be issued for the purpose of creating a fund that is to be expended by the board for the purposes specified in that act.

(b) “Bond” means a state general obligation bond issued pursuant to an act adopting the provisions of this chapter.

(c) “Bond act” means the act authorizing the issuance of state general obligation bonds and adopting this chapter by reference.

(d) “Committee” means the finance committee or other body created by that act and authorized to cause bonds to be issued by the adoption of a resolution or resolutions.

(e) “Fund” means the fund created by that act, and into which the proceeds from the sale of the bonds are paid.

(f) “Tender” means a term of a bond that gives the holder the right to have the bond purchased from the holder at a predetermined price prior to maturity.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.