California Government Code 16954 – The net proceeds of bonds issued and sold pursuant to this chapter …
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The net proceeds of bonds issued and sold pursuant to this chapter shall be deposited in the Pension Obligation Bond Fund established pursuant to Section 16929.
(Added by Stats. 2004, Ch. 215, Sec. 4. Effective August 11, 2004.)
Terms Used In California Government Code 16954
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.