Financing of San Quentin State Prison Central Health Services Facilities

Cal. GOV § 15820.104

California Statutes

(

a) The State Public Works Board may issue up to one hundred forty-six million one hundred sixty thousand dollars ($146,160,000) in revenue bonds, negotiable notes, or negotiable bond anticipation notes pursuant to this part, to finance the design and construction for the project. The revenue bonds, negotiable notes, or negotiable bond anticipation notes authorized in this

chapter shall reduce the amount of revenue bonds, negotiable notes, or negotiable bond anticipation notes the board is authorized to issue pursuant to subdivision (

a) of

Section 15819.403 for the construction authorized by subdivision (

c) of

Section 15819.40. None of the provisions of

Chapter 3.2.1 (commencing with

Section 15819.40) shall apply to the project. (

b) The department may borrow funds for project costs from the Pooled Money Investment Account pursuant to Sections and or from any other appropriate source. In the event any of the revenue bonds, notes, or bond anticipation notes authorized by this

chapter are not sold, the department shall commit a sufficient amount of its support appropriation to repay loans made from the Pooled Money Investment Account for an approved project. (

c) The costs of financing include, but are not limited to, interest during construction of the project, a reasonably required reserve fund, and the cost of issuance of permanent financing. (

d) The department and the board shall execute and deliver any and all leases, contracts, agreements, or other documents necessary for the sale of bonds or other financing for the project. (

e) Proceeds of the revenue bonds, notes, or bond anticipation notes may be used to reimburse the department for the costs of preliminary plans, working drawings, and construction for the project. (

f) Notwithstanding

Section 13340, funds derived pursuant to this

section are continuously appropriated for purposes of this chapter.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 15820.104
Date2009-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV15820.104.200817998

Financing of San Quentin State Prison Central Health Services Facilities

Cal. GOV § 15820.104

California Statutes

Financing of San Quentin State Prison Central Health Services Facilities

Cal. GOV § 15820.104

California Statutes

(

a) The State Public Works Board may issue up to one hundred forty-six million one hundred sixty thousand dollars ($146,160,000) in revenue bonds, negotiable notes, or negotiable bond anticipation notes pursuant to this part, to finance the design and construction for the project. The revenue bonds, negotiable notes, or negotiable bond anticipation notes authorized in this

chapter shall reduce the amount of revenue bonds, negotiable notes, or negotiable bond anticipation notes the board is authorized to issue pursuant to subdivision (

a) of

Section 15819.403 for the construction authorized by subdivision (

c) of

Section 15819.40. None of the provisions of

Chapter 3.2.1 (commencing with

Section 15819.40) shall apply to the project. (

b) The department may borrow funds for project costs from the Pooled Money Investment Account pursuant to Sections and or from any other appropriate source. In the event any of the revenue bonds, notes, or bond anticipation notes authorized by this

chapter are not sold, the department shall commit a sufficient amount of its support appropriation to repay loans made from the Pooled Money Investment Account for an approved project. (

c) The costs of financing include, but are not limited to, interest during construction of the project, a reasonably required reserve fund, and the cost of issuance of permanent financing. (

d) The department and the board shall execute and deliver any and all leases, contracts, agreements, or other documents necessary for the sale of bonds or other financing for the project. (

e) Proceeds of the revenue bonds, notes, or bond anticipation notes may be used to reimburse the department for the costs of preliminary plans, working drawings, and construction for the project. (

f) Notwithstanding

Section 13340, funds derived pursuant to this

section are continuously appropriated for purposes of this chapter.

Document details

CollectionCalifornia Statutes
CitationCal. GOV § 15820.104
Date2009-01-01
Typestatute
Languageen
SourceCA_STAT
IdentifierGOV15820.104.200817998