Every issue of bonds, and any ancillary obligation entered into with respect to those bonds, shall be a debt and liability of the state payable from the General Fund of the state or, in the case of bond anticipation notes, payable from the proceeds of bonds to be issued pursuant to this chapter.
Cal. Gov. Code § 16946
Issuance of Bonds to Finance the Program
Known as the California Pension Restructuring Bond Act
The act spans §§ 16940 to 16960 (20 sections).
Added by Stats. 2004, Ch. 215, Sec. 4
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.