§ 2701.12. — 2701.12. (Added by Stats. 1989, Ch. 108, Sec. 2.)

California § 2701.12.

• Jurisdiction: 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

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 Passenger Rail Finance Committee is hereby created. For purposes of this chapter, the Passenger Rail Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee consists of the Treasurer, the Director of Finance, the Controller, the Secretary of the Business, Transportation and Housing Agency, and the Director of Transportation, or their designated representatives. The Treasurer shall serve as chairperson of the committee. A majority of the committee may act for the committee.
(b)
For purposes of the State General Obligation Bond Law, the department is designated the “board.”

Legislative History

Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.