The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate principal amount of four hundred fifty million dollars ($450,000,000), exclusive of refunding bonds, 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 7426.
Cal. Penal Code § 7424
New Prison Construction Bond Act of 1990
Known as the New Prison Construction Bond Act
The act spans §§ 7300–7434 (45 sections).
Added by Stats. 1990, Ch. 5, 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.