Home/California/Statutes/Code GOV: Government Code - GOV/Div.: 4./Title 2.: DIVISION 4. FISCAL AFFAIRS/Part 3.: PART 3. STATE BONDS/Ch. 8.: CHAPTER 8. The California Pension Restructuring Bond Act of 2004/Art. 1.: ARTICLE 1. General Provisions/§ 16941.
California Statutes

§ 16941. — 16941. (Added by Stats. 2004, Ch. 215, Sec. 4.)

California § 16941.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Div.4.
Title 2.DIVISION 4. FISCAL AFFAIRS
Part 3.PART 3. STATE BONDS
Ch. 8.CHAPTER 8. The California Pension Restructuring Bond Act of 2004
Art. 1.ARTICLE 1. General Provisions

This text of California § 16941. (16941. (Added by Stats. 2004, Ch. 215, Sec. 4.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Government Code - GOV Code § 16941. (2026).

Text

It is the intent of the Legislature, in enacting this chapter, to provide for an efficient, equitable, and economical means of satisfying certain pension obligations of the state. Bonds shall be issued pursuant to this chapter only when the Director of Finance determines that the state’s pension obligations are anticipated to be reduced as a result of changes in the Public Employees’ Retirement Law that reduce contributions to the Public Employees’ Retirement System, and it is in the best interest of the state to issue bonds pursuant to this chapter to accelerate a portion of the state’s anticipated lower pension obligations.

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Legislative History

Added by Stats. 2004, Ch. 215, Sec. 4. Effective August 11, 2004.
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California § 16941., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/16941..