Statutes, codes, and regulations
CALIFORNIA CODES
CALIFORNIA EDUCATION CODETitle 3 - POSTSECONDARY EDUCATIONDivision 5 - GENERAL PROVISIONSPart 40 - DONAHOE HIGHER EDUCATION ACTChapter 14.4 - HIGHER EDUCATION FACILITIES BOND ACT OF JUNE 1990
Article 3 - FISCAL PROVISIONS
Section 67347.2 - Issuance authorized to extent necessary to fund apportionments; committee to determine if bonds necessary or desirable and amount

Cal. Ed. Code § 67347.2

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Current through the 2024 Legislative Session.
Section 67347.2 - Issuance authorized to extent necessary to fund apportionments; committee to determine if bonds necessary or desirable and amount

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 or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions specified in Section 67346.5 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 actions progressively, and it is not necessary that all of the bonds authorized to be issued be sold at any one time.

Ca. Educ. Code § 67347.2

Added by Stats. 1990, Ch. 6, Sec. 1. Approved in Proposition 121 at the June 5, 1990, election.