The Treasurer shall submit to the Chairperson of the Joint Legislative Budget Committee, after each sale of bonds authorized to be sold under this chapter, an update as to the percentage of general fund moneys that would be used to service the resulting general obligation bond obligations.
Cal. Gov. Code § 16759
Sale of Bonds
Known as the State General Obligation Bond Law
The act spans §§ 16720–16787 (51 sections).
Added by Stats. 1988, Ch. 1561, Sec. 1.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.