Section 15820.942 - Issuance of bonds(a) The board may issue up to two hundred forty-four million five hundred sixteen thousand dollars ($244,516,000) 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 15820.940, 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 15820.941 are continuously appropriated for purposes of this chapter.Ca. Gov. Code § 15820.942
Amended by Stats 2021 ch 72 (SB 146),s 5, eff. 7/12/2021.Added by Stats 2016 ch 34 (SB 844),s 1, eff. 6/27/2016.