California § 8879.8. 8879.8. (Added by Stats. 1995, Ch. 310, Sec. 1.)

California Statutes

§ 8879.8. — 8879.8. (Added by Stats. 1995, Ch. 310, Sec. 1.)

California § 8879.8.

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 § 8879.8. (8879.8. (Added by Stats. 1995, Ch. 310, 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.

Bluebook

Cal. Government Code - GOV Code § 8879.8. (2026).

Text

Upon request of the board stating that funds are needed for earthquake relief purposes, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions specified in Section 8879.3, and, if so, the amount of bonds to be issued and sold.  Successive issues of bonds may be authorized and sold to carry out those actions progressively, and be sold at any one time.  Bonds may bear interest subject to federal income tax.

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Upon request of the board stating that funds are needed for earthquake relief purposes, the committee shall determine whether or not it is necessary or desirable to issue bonds authorized pursuant to this chapter in order to carry out the actions specified in Section 8879.3, and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be authorized and sold to carry out those actions progressively, and be sold at any one time. Bonds may bear interest subject to federal income tax.