Where a state agency is authorized under state law to request that the bank issue bonds on its behalf, the agency may request, and the bank may issue, the bonds for the purpose authorized by state law and to fund any necessary reserves, capitalized interest, and costs of issuance associated with the bonds.
Cal. Gov. Code § 63024.5
Creation of the Bank
Known as the Climate Catalyst Revolving Fund Act
The act spans §§ 63021–63049 (71 sections).
Added by Stats. 2011, Ch. 518, Sec. 2
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.