California Statutes
§ 16950. — 16950. (Added by Stats. 2004, Ch. 215, Sec. 4.)
California·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. 2. ARTICLE 2. Issuance of Bonds to Finance the Program
When proceeds of bonds issued pursuant to this chapter are used to pay the state’s pension obligations to the retirement system for members whose compensation is paid from a fund other than the General Fund, the Controller shall, notwithstanding any other provision of law, transfer quarterly from the special fund or nongovernmental cost fund to the General Fund an amount equal to the quarterly pension obligations paid from bond proceeds with respect to those members, as certified by the Director of Finance and authorized in any appropriation item or in any category thereof.
Free access — add to your briefcase to read the full text and ask questions with AI
California § 16950. (16950. (Added by Stats. 2004, Ch. 215, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2004, Ch. 215, Sec. 4. Effective August 11, 2004.