§ 15819.14. — 15819.14. (Added by Stats. 1985, Ch. 932, Sec. 2.)

California § 15819.14.

• Jurisdiction: California
• Code GOV: Government Code - GOV
• Div.: 3.
• Title 2.: DIVISION 3. EXECUTIVE DEPARTMENT
• Part 10b.: PART 10b. STATE BUILDING CONSTRUCTION
• Ch. 3.1.: CHAPTER 3.1. Lease-Purchase Financing of Prison Construction

Text

(a)
There is in the State Treasury the New Prison Construction Revenue Fund, which is hereby created. Moneys derived from the lease-purchase financing of the Southern Maximum Security Complex prison facilities as authorized by this chapter shall be deposited in this fund. Proceeds of the sale of bonds deposited in the New Prison Construction Revenue Fund may be transferred by the board, upon the approval of the Director of Finance, to the 1984 Prison Construction Fund established by Section 7202 of the Penal Code. Moneys shall be withdrawn from the 1984 Prison Construction Fund in accordance with law for
the purpose of carrying out the New Prison Construction Bond Act of 1984.

Legislative History

Added by Stats. 1985, Ch. 932, Sec. 2. Effective September 25, 1985.