Section 15820.922 - Issuance of bonds or notes(a) The board may issue up to four hundred twelve million four hundred seventy-four thousand dollars ($412,474,000) in revenue bonds, notes, or bond anticipation notes, pursuant to Chapter 5 (commencing with Section 15830) to finance the acquisition, design, and construction, including, without limitation, renovation, and a reasonable construction reserve, of approved adult local criminal justice facilities described in Section 15820.92, and any additional amount authorized under Section 15849.6 to pay for the cost of financing.(b) Proceeds from the revenue bonds, notes, or bond anticipation notes may be used to reimburse a participating county for the costs of acquisition, design, and construction, including, without limitation, renovation, for approved adult local criminal justice facilities.(c) Notwithstanding Section 13340, funds derived pursuant to this section and Section 15820.921 are continuously appropriated for purposes of this chapter.Ca. Gov. Code § 15820.922
Amended by Stats 2021 ch 72 (SB 146),s 3, eff. 7/12/2021.Amended by Stats 2015 ch 14 (AB 114),s 7, eff. 6/24/2015.Amended by Stats 2013 ch 76 (AB 383),s 92, eff. 1/1/2014.Amended by Stats 2013 ch 30 (SB 74),s 4, eff. 6/27/2013.Added by Stats 2012 ch 42 (SB 1022),s 9, eff. 6/27/2012.