The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate of five hundred million dollars ($500,000,000), in the manner provided in this chapter. That debt or debts, liability or liabilities, shall be created for the purpose of providing the fund to be used for the object and work specified in Section 7306.
Cal. Penal Code § 7304
New Prison Construction Bond Act of 1986
Known as the New Prison Construction Bond Act
The act spans §§ 7300–7434 (45 sections).
Added by Stats. 1986, Ch. 409, 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.