California § 8869.90. 8869.90. (Amended by Stats. 1988, Ch. 77, Sec. 1.)

California Statutes

§ 8869.90. — 8869.90. (Amended by Stats. 1988, Ch. 77, Sec. 1.)

California § 8869.90.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.1.

Title 2.DIVISION 1. GENERAL

Ch. 11.8.CHAPTER 11.8. California Debt Limit Allocation Committee

This text of California § 8869.90. (8869.90. (Amended by Stats. 1988, Ch. 77, Sec. 1.)) 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.

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Cal. Government Code - GOV Code § 8869.90. (2026).

Text

(a)The committee may charge fees to the lead underwriter, the bond purchaser, or the bond issuer to cover the committee’s costs in carrying out the duties and responsibilities set out in this chapter. Any fees received shall be deposited in the California Debt Limit Allocation Committee Fund, which is hereby created. All money in the fund shall be available, when appropriated, for expenses of the committee and the Treasurer.

(b)Until the time that fees are received by the committee and appropriated pursuant to this chapter for the expenses of the committee, the committee may borrow any money as may be required for the purpose of meeting necessary expenses of initial organization and operation of the committee.

(c)Any moneys received by the committee from fees or deposits beginning in

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(a)
The committee may charge fees to the lead underwriter, the bond purchaser, or the bond issuer to cover the committee’s costs in carrying out the duties and responsibilities set out in this chapter. Any fees received shall be deposited in the California Debt Limit Allocation Committee Fund, which is hereby created. All money in the fund shall be available, when appropriated, for expenses of the committee and the Treasurer.
(b)
Until the time that fees are received by the committee and appropriated pursuant to this chapter for the expenses of the committee, the committee may borrow any money as may be required for the purpose of meeting necessary expenses of initial organization and operation of the committee.
(c)
Any moneys received by the committee from fees or deposits beginning in fiscal year 1987–88, shall also be deposited into the fund.