California Education Code 67339 – Notwithstanding Section 13340 of the Government Code, there is hereby …
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Notwithstanding § 13340 of the Government Code, there is hereby appropriated from the General Fund in the State Treasury, for the purposes of this chapter, an amount that will equal the total of the following:
(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this chapter, as the principal and interest become due and payable.
Terms Used In California Education Code 67339
- Fund: means the 1988 Higher Education Capital Outlay Bond Fund created pursuant to Section 67333. See California Education Code 67332
(b) The sum which is necessary to carry out the provisions of Section 67340, appropriated without regard to fiscal years.
(Added by Stats. 1988, Ch. 44, Sec. 1. Approved in Proposition 78 at the November 8, 1988, election.)