Section 15820.932 - Bonds(a) The board may issue up to four hundred twenty million dollars ($420,000,000) 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 15820.930, 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 15820.931 are continuously appropriated for purposes of this chapter.Ca. Gov. Code § 15820.932
Amended by Stats 2021 ch 72 (SB 146),s 4, eff. 7/12/2021.Added by Stats 2014 ch 37 (SB 863),s 4, eff. 6/20/2014.Repealed by Stats 2014 ch 688 (SB 877),s 1, eff. 9/27/2014.Added by Stats 2014 ch 26 (AB 1468),s 6, eff. 6/20/2014.