California § 188.51. 188.51. (Added by Stats. 2001, Ch. 907, Sec. 2.)

California Statutes

§ 188.51. — 188.51. (Added by Stats. 2001, Ch. 907, Sec. 2.)

California § 188.51.

JurisdictionCalifornia

Code SHCStreets and Highways Code - SHC

Div. 1.DIVISION 1. STATE HIGHWAYS

Ch. 1.CHAPTER 1. Administration

Art. 5.ARTICLE 5. Funds for Highway and Public Mass Transit Guideway Purposes

This text of California § 188.51. (188.51. (Added by Stats. 2001, Ch. 907, Sec. 2.)) 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. Streets and Highways Code - SHC Code § 188.51. (2026).

Text

(a)If the department utilizes its authority under Chapter 4 (commencing with Section 14550) of Part 5.3 of Division 3 of the Government Code to issue federal highway grant anticipation notes (GARVEE Bonds) from the state share of federal obligation authority to fund the projects identified in subdivision (a) of Section 188.5, Section 14553.6 of the Government Code shall not apply.

(b)State expenditures for the purposes of subdivision (a) shall not exceed 5 percent of the annual amount of federal obligation authority received by the state for a period determined by the department.

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(a)
If the department utilizes its authority under Chapter 4 (commencing with Section 14550) of Part 5.3 of Division 3 of the Government Code to issue federal highway grant anticipation notes (GARVEE Bonds) from the state share of federal obligation authority to fund the projects identified in subdivision (a) of Section 188.5, Section 14553.6 of the Government Code shall not apply.
(b)
State expenditures for the purposes of subdivision (a) shall not exceed 5 percent of the annual amount of federal obligation authority received by the state for a period determined by the department.