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Education Code - EDC - EDC § 67347.9
Education Code - EDC - EDC § 67347.9
Notwithstanding any provision of this chapter or the State General Obligation Bond Law set forth in Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code, if the Treasurer sells bonds pursuant to this chapter the interest on which is
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Education Code - EDC - EDC § 67350
Education Code - EDC - EDC § 67350
This chapter shall be known and may be cited as the Higher Education Facilities Bond Act of 1986.
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Education Code - EDC - EDC § 67351
Education Code - EDC - EDC § 67351
The State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code) is adopted for the purpose of the issuance, sale, and repayment of, and otherwise providing with respect to, the bonds authorized to be issu
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Education Code - EDC - EDC § 67352
Education Code - EDC - EDC § 67352
As used in this chapter, and for the purposes of this chapter as used in the State General Obligation Bond Law, the following words shall have the following meanings: (a) “Board” means the State Public Works Board. (b) “Committee” means the Higher Education Facilities Finance Com
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Education Code - EDC - EDC § 67353
Education Code - EDC - EDC § 67353
The Higher Education Facilities Finance Committee is hereby created, consisting of the Governor, the Controller, the Treasurer, the Director of Finance, the President of the University of California, the Chancellor of the California State University, and the Chancellor of the Cal
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Education Code - EDC - EDC § 67354
Education Code - EDC - EDC § 67354
(a) For the purpose of funding aid to the University of California, the California State University, the California Community Colleges, and the California Maritime Academy for the construction, including the construction of buildings and the acquisition of related fixtures, renov
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Education Code - EDC - EDC § 67354.5
Education Code - EDC - EDC § 67354.5
The proceeds of the bonds may also be used to provide short-term loans to community colleges for the purchase of instructional equipment. Those loans shall be repaid from the first moneys available in the Capital Outlay Fund for Public Higher Education beginning in the 1987–88 fi
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Education Code - EDC - EDC § 67355
Education Code - EDC - EDC § 67355
All bonds herein authorized, which shall have been duly sold and delivered as herein provided, shall constitute valid and legally binding general obligations of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual pa
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Education Code - EDC - EDC § 67356
Education Code - EDC - EDC § 67356
There is hereby appropriated from the General Fund in the State Treasury for the purpose of this chapter, an amount that will equal the following: (a) The sum annually as will be necessary to pay the principal of and the interest on the bonds issued and sold pursuant to the provi
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Education Code - EDC - EDC § 67357
Education Code - EDC - EDC § 67357
For the purposes of carrying out the provisions of this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds which the committee has by resolution authorized t
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Education Code - EDC - EDC § 67357.5
Education Code - EDC - EDC § 67357.5
Notwithstanding any other provision of this bond act, or of the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), if the Treasurer sells bonds pursuant to this bond act that include a bond coun
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Education Code - EDC - EDC § 67358
Education Code - EDC - EDC § 67358
This chapter shall be known and may be cited as the Higher Education Facilities Bond Act of June 1992.
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Education Code - EDC - EDC § 67358.1
Education Code - EDC - EDC § 67358.1
The Legislature finds and declares all of the following: (a) California’s economic and social prosperity relies on a higher education system that keeps pace with California’s growth. In the coming decades, the state’s economic prosperity will depend on increasing the productivity
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Education Code - EDC - EDC § 67358.2
Education Code - EDC - EDC § 67358.2
As used in this chapter, the following terms have the following meanings: (a) “Committee” means the Higher Education Facilities Finance Committee created pursuant to Section 67353. (b) “Fund” means the 1992 Higher Education Capital Outlay Bond Fund created pursuant to Section 673
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Education Code - EDC - EDC § 67358.3
Education Code - EDC - EDC § 67358.3
The proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the 1992 Higher Education Capital Outlay Bond Fund, which is hereby created.
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Education Code - EDC - EDC § 67358.4
Education Code - EDC - EDC § 67358.4
The committee shall be and is hereby authorized to create a debt or debts, liability or liabilities, of the State of California pursuant to this chapter for the purpose of funding aid to the University of California, the California State University, the California Community Colle
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Education Code - EDC - EDC § 67358.5
Education Code - EDC - EDC § 67358.5
(a) Bonds in the total amount of nine hundred million dollars ($900,000,000), not including the amount of any refunding bonds issued in accordance with Section 67359.3, or so much thereof as is necessary, may be issued and sold to provide a fund to be used for carrying out the pu
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Education Code - EDC - EDC § 67358.6
Education Code - EDC - EDC § 67358.6
The bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), and all of the provisions
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Education Code - EDC - EDC § 67358.7
Education Code - EDC - EDC § 67358.7
The committee shall authorize the issuance of bonds under this chapter only to the extent necessary to fund the apportionments that are expressly authorized by the Legislature in the annual Budget Act. Pursuant to that legislative direction, the committee shall determine whether
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Education Code - EDC - EDC § 67358.8
Education Code - EDC - EDC § 67358.8
There shall be collected each year and in the same manner and at the same time as other state revenue is collected, in addition to the ordinary revenues of the state, a sum in an amount required to pay the principal of, and interest on, the bonds each year, and it is the duty of
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Education Code - EDC - EDC § 67358.9
Education Code - EDC - EDC § 67358.9
Notwithstanding Section 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount that will equal the total of the following: (a) The sum annually necessary to pay the principal of, and inte
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Education Code - EDC - EDC § 67359
Education Code - EDC - EDC § 67359
(a) For the purposes of carrying out this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds that have been authorized by the committee to be sold for the pu
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Education Code - EDC - EDC § 67359.1
Education Code - EDC - EDC § 67359.1
All money deposited in the fund that is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest.
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Education Code - EDC - EDC § 67359.2
Education Code - EDC - EDC § 67359.2
The board may request the Pooled Money Investment Board for a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the Government Code, and may execute those documents required by the Pooled Money Investment Board to obtain and repay the loan. The lo
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Education Code - EDC - EDC § 67359.20
Education Code - EDC - EDC § 67359.20
Any funds from the 1988 Higher Education Capital Outlay Bond Fund, the June 1990 Higher Education Capital Outlay Bond Fund, and the 1992 Higher Education Capital Outlay Bond Fund, not to exceed a combined total of seventy-five million dollars ($75,000,000), are hereby appropriate