California § 8879.7. 8879.7. (Amended by Stats. 2013, Ch. 352, Sec. 222.)

California Statutes

§ 8879.7. — 8879.7. (Amended by Stats. 2013, Ch. 352, Sec. 222.)

California § 8879.7.

JurisdictionCalifornia

Code GOVGovernment Code - GOV

Div.1.

Title 2.DIVISION 1. GENERAL

Ch. 12.48.CHAPTER 12.48. Seismic Retrofit Bond Act of 1996

Art. 3.ARTICLE 3. Fiscal Provisions

This text of California § 8879.7. (8879.7. (Amended by Stats. 2013, Ch. 352, Sec. 222.)) 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 § 8879.7. (2026).

Text

(a)Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter, the Seismic Retrofit Finance Committee is hereby created. For the purposes of this chapter, the Seismic Retrofit Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee consists of the Treasurer, the Controller, the Director of Finance, and the Secretary of Transportation, or a designated representative of each of those officials. The Treasurer shall serve as the chairperson of the committee. A majority of the committee may act for the committee.

(b)The committee may adopt guidelines establishing requirements for administration of its financing programs to the extent necessary

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(a)
Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter, the Seismic Retrofit Finance Committee is hereby created. For the purposes of this chapter, the Seismic Retrofit Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee consists of the Treasurer, the Controller, the Director of Finance, and the Secretary of Transportation, or a designated representative of each of those officials. The Treasurer shall serve as the chairperson of the committee. A majority of the committee may act for the committee.
(b)
The committee may adopt guidelines establishing requirements for administration of its financing programs to the extent necessary to protect the validity of, and tax exemption for, interest on the bonds. The guidelines shall not constitute rules, regulations, orders, or standards of general application.
(c)
For the purposes of the State General Obligation Bond Law, any department receiving an allocation from the Department of Finance is designated to be the “board.”

Legislative History

Amended by Stats. 2013, Ch. 352, Sec. 222. (AB 1317) Effective September 26, 2013. Operative July 1, 2013, by Sec. 543 of Ch. 352. Note: This section was added by Stats. 1995, Ch. 310, and approved in Prop. 192 on March 26, 1996.