California § 67347.2. 67347.2. (Added by Stats. 1990, Ch. 6, Sec. 1.)

California Statutes

§ 67347.2. — 67347.2. (Added by Stats. 1990, Ch. 6, Sec. 1.)

California·Code EDC Education Code - EDC·Div. 5.·Title 3. DIVISION 5. GENERAL PROVISIONS·Part 40. PART 40. DONAHOE HIGHER EDUCATION ACT·Ch. 14.4. CHAPTER 14.4. Higher Education Facilities Bond Act of June 1990·Art. 3. ARTICLE 3. Fiscal Provisions

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.

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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.

California § 67347.2. (67347.2. (Added by Stats. 1990, Ch. 6, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.