The committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out this part, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those purposes progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.
Cal. Pub. Util. Code § 99692.5
Bonds
Known as the Clean Air and Transportation Improvement Bond Act
The act spans §§ 99690–99696 (14 sections).
Added June 5, 1990, by initiative Proposition 116.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.