Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 3./Title 2.: DIVISION 3. EXECUTIVE DEPARTMENT/Part 5.3.: PART 5.3. CALIFORNIA TRANSPORTATION COMMISSION/Ch. 4.: CHAPTER 4. Federal Highway Grant Anticipation Notes/Art. 3.: ARTICLE 3. Selection of Projects/§ 14553.4.
California Statutes

§ 14553.4. — 14553.4. (Amended by Stats. 2004, Ch. 793, Sec. 2.)

California·Code GOV Government Code - GOV·Div. 3.·Title 2. DIVISION 3. EXECUTIVE DEPARTMENT·Part 5.3. PART 5.3. CALIFORNIA TRANSPORTATION COMMISSION·Ch. 4. CHAPTER 4. Federal Highway Grant Anticipation Notes·Art. 3. ARTICLE 3. Selection of Projects
The Treasurer may not authorize the issuance of notes if the annual repayment obligations of all outstanding notes in any fiscal year would exceed 15 percent of the total amount of federal transportation funds deposited in the State Highway Account in the State Transportation Fund for any consecutive 12-month period within the preceding 24 months.

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California § 14553.4. (14553.4. (Amended by Stats. 2004, Ch. 793, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 2004, Ch. 793, Sec. 2. Effective January 1, 2005.

Nearby Sections

8
§ 14553.
14553. (Amended by Stats. 2016, Ch. 208, Sec. 5.)
§ 14553.10.
14553.10. (Added by Stats. 2004, Ch. 212, Sec. 1.)
§ 14553.2.
14553.2. (Added by Stats. 1999, Ch. 862, Sec. 3.)
§ 14553.4.
14553.4. (Amended by Stats. 2004, Ch. 793, Sec. 2.)
§ 14553.6.
14553.6. (Amended by Stats. 2002, Ch. 438, Sec. 4.)
§ 14553.7.
14553.7. (Added by Stats. 1999, Ch. 862, Sec. 3.)
§ 14553.8.
14553.8. (Amended by Stats. 2002, Ch. 438, Sec. 5.)
§ 14553.9.
14553.9. (Amended by Stats. 2016, Ch. 208, Sec. 6.)
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