Lease-Purchase Financing of Prison Construction

Cal. GOV § 15819.21

California Statutes

(

a) The necessary funding for the construction of the California State Prison-Madera County authorized by

Section 6.5 of

Chapter of the Statutes of 1986, as amended by the act in which this

section was added, may be obtained through lease-purchase financing arrangements. The provisions of Sections 15819.1 to 15819.13, inclusive, and

Section 15819.15 shall apply for that purpose provided that: (1) “Prison facility” as used in

Section 15819.1 includes the California State Prison-Madera County.

(2) Notwithstanding the monetary limitation imposed by

Section 15819.3, the total amount of bonds which may be issued pursuant to this

section for the California State Prison—Madera County shall not exceed the additional sum of two hundred twenty-five million dollars ($225,000,000). (

b) Notwithstanding

Section 13340, funds derived from the lease-purchase financing methods for the California State Prison—Madera County deposited in the State Treasury, are hereby continuously appropriated to the State Public Works Board on behalf of the Department of Corrections for the purpose of acquiring and constructing or refinancing the prison facility so financed. Funds appropriated by this

section shall be available as necessary for site acquisition, site studies and suitability reports, environmental planning, architectural programming, schematics, preliminary plans, working drawings, construction, long-lead and equipment items. The State Public Works Board may authorize the augmentation of the cost of the construction of the projects set forth in this

section pursuant to the board’s authority under

Section 13332.11.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 15819.21
Date1987-09-24
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV15819.21.198710563

Lease-Purchase Financing of Prison Construction

Cal. GOV § 15819.21

California Statutes

Lease-Purchase Financing of Prison Construction

Cal. GOV § 15819.21

California Statutes

(

a) The necessary funding for the construction of the California State Prison-Madera County authorized by

Section 6.5 of

Chapter of the Statutes of 1986, as amended by the act in which this

section was added, may be obtained through lease-purchase financing arrangements. The provisions of Sections 15819.1 to 15819.13, inclusive, and

Section 15819.15 shall apply for that purpose provided that: (1) “Prison facility” as used in

Section 15819.1 includes the California State Prison-Madera County.

(2) Notwithstanding the monetary limitation imposed by

Section 15819.3, the total amount of bonds which may be issued pursuant to this

section for the California State Prison—Madera County shall not exceed the additional sum of two hundred twenty-five million dollars ($225,000,000). (

b) Notwithstanding

Section 13340, funds derived from the lease-purchase financing methods for the California State Prison—Madera County deposited in the State Treasury, are hereby continuously appropriated to the State Public Works Board on behalf of the Department of Corrections for the purpose of acquiring and constructing or refinancing the prison facility so financed. Funds appropriated by this

section shall be available as necessary for site acquisition, site studies and suitability reports, environmental planning, architectural programming, schematics, preliminary plans, working drawings, construction, long-lead and equipment items. The State Public Works Board may authorize the augmentation of the cost of the construction of the projects set forth in this

section pursuant to the board’s authority under

Section 13332.11.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 15819.21
Date1987-09-24
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV15819.21.198710563