Cal. Government Code § 8879.7
Cal. Government Code § 8879.7
California · California Government Code · Status: effective · Effective 2013-09-26
Cite this
- Citation
- Cal. Government Code § 8879.7, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/834367
- Permanent ID
ys:prov:834367@1- SHA-256
843481f601a825d931e4ffb4c2f4da703d5a783dc6664960a57746349d3c2b64
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full 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 Seismic Retrofit Finance Committee is hereby created. For the purposes of this chapter, the Seismic Retrofit Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee consists of the Treasurer, the Controller, the Director of Finance, and the Secretary of Transportation, or a designated representative of each of those officials. The Treasurer shall serve as the chairperson of the committee. A majority of the committee may act for the committee.
(b) The committee may adopt guidelines establishing requirements for administration of its financing programs to the extent necessary to protect the validity of, and tax exemption for, interest on the bonds. The guidelines shall not constitute rules, regulations, orders, or standards of general application.
(c) For the purposes of the State General Obligation Bond Law, any department receiving an allocation from the Department of Finance is designated to be the “board.”