California § 2701.10. 2701.10. (Added by Stats. 1989, Ch. 108, Sec. 2.)

California Statutes

§ 2701.10. — 2701.10. (Added by Stats. 1989, Ch. 108, Sec. 2.)

California·Code SHC Streets and Highways Code - SHC·Div. 3. DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS·Ch. 17. CHAPTER 17. Passenger Rail and Clean Air Bond Act of 1990·Art. 3. ARTICLE 3. Fiscal Provisions

Bonds in the total amount of one billion dollars ($1,000,000,000), exclusive of refunding bonds, or so much thereof as is necessary, may be issued and sold to provide a fund to be used for carrying out the purposes expressed in this chapter and to be used to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. The bonds, when sold, shall be and constitute a valid and binding obligation of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal of, and interest on, the bonds as the principal and interest become due and payable.

Free access — add to your briefcase to read the full text and ask questions with AI

Bonds in the total amount of one billion dollars ($1,000,000,000), exclusive of refunding bonds, or so much thereof as is necessary, may be issued and sold to provide a fund to be used for carrying out the purposes expressed in this chapter and to be used to reimburse the General Obligation Bond Expense Revolving Fund pursuant to Section 16724.5 of the Government Code. The bonds, when sold, shall be and constitute a valid and binding obligation of the State of California, and the full faith and credit of the State of California is hereby pledged for the punctual payment of both principal of, and interest on, the bonds as the principal and interest become due and payable.

California § 2701.10. (2701.10. (Added by Stats. 1989, Ch. 108, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.