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 § 2701.13.

JurisdictionCalifornia

Code SHCStreets 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

This text of California § 2701.13. (2701.13. (Added by Stats. 1989, Ch. 108, 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.

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Cal. Streets and Highways Code - SHC Code § 2701.13. (2026).

Text

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.