California § 2701.13. 2701.13. (Added by Stats. 1989, Ch. 108, Sec. 2.)

California Statutes

§ 2701.13. — 2701.13. (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

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 2701.06 and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be issued and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized be issued and sold at any one time. The committee shall consider program funding needs, revenue projections, financial market conditions, and other necessary factors in determining the shortest feasible term for the bonds to be issued.

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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 2701.06 and, if so, the amount of bonds to be issued and sold. Successive issues of bonds may be issued and sold to carry out those actions progressively, and it is not necessary that all of the bonds authorized be issued and sold at any one time. The committee shall consider program funding needs, revenue projections, financial market conditions, and other necessary factors in determining the shortest feasible term for the bonds to be issued.

California § 2701.13. (2701.13. (Added by Stats. 1989, Ch. 108, Sec. 2.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.