California Statutes
§ 92251. — 92251. (Amended by Stats. 2006, Ch. 538, Sec. 338.)
California § 92251.
JurisdictionCalifornia
Code GOVGovernment Code - GOV
Title 11.TITLE 11. CALIFORNIA PASSENGER RAIL FINANCING COMMISSION ACT
Ch. 5.CHAPTER 5. Bonds and Notes
This text of California § 92251. (92251. (Amended by Stats. 2006, Ch. 538, Sec. 338.)) 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 § 92251. (2026).
Text
(a)At times that the commission desires to issue bonds, as defined in Section 92252, it shall adopt a resolution specifying the total amount of bonds proposed to be issued.
(b)The maximum aggregate principal amount of bonds that may be issued under the authority of this title is one billion two hundred fifty million dollars ($1,250,000,000) plus the amount of any indebtedness authorized by Section 92270.
(c)The limitation in subdivision (b) does not apply to bonds or other evidence of indebtedness, including bond anticipation notes and commercial paper, issued to refund bonds, bond anticipation notes, or commercial paper.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
Amended by Stats. 2006, Ch. 538, Sec. 338. Effective January 1, 2007.
Cite This Page — Counsel Stack
Bluebook (online)
California § 92251., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/GOV/92251..