California § 63049.68. 63049.68. (Amended by Stats. 2013, Ch. 48, Sec. 81.)

California Statutes

§ 63049.68. — 63049.68. (Amended by Stats. 2013, Ch. 48, Sec. 81.)

California § 63049.68.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.1.

Title 6.7.DIVISION 1. THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT

Ch. 2.CHAPTER 2. California Infrastructure and Economic Development Bank

Art. 9.ARTICLE 9. Financing of School District Emergency Apportionments

This text of California § 63049.68. (63049.68. (Amended by Stats. 2013, Ch. 48, Sec. 81.)) 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 § 63049.68. (2026).

Text

The State of California pledges that (a) the state will not alter the directive to the Controller to make apportionments to the bond trustee of moneys in the State School Fund and the Education Protection Account from that set forth in Section 41329.55 of the Education Code, and (b) the state will not amend or repeal subdivision (f) of Section 63049.67, in each case in any manner that would materially impair the security or other interests of holders of any bonds issued pursuant to this article. The bank is authorized to include this pledge in the bonds, or other documents entered into in connection with the bonds, as a covenant for the benefit of the bondholders.

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The State of California pledges that (a) the state will not alter the directive to the Controller to make apportionments to the bond trustee of moneys in the State School Fund and the Education Protection Account from that set forth in Section 41329.55 of the Education Code, and (b) the state will not amend or repeal subdivision (f) of Section 63049.67, in each case in any manner that would materially impair the security or other interests of holders of any bonds issued pursuant to this article. The bank is authorized to include this pledge in the bonds, or other documents entered into in connection with the bonds, as a covenant for the benefit of the bondholders.