California Government Code 8879.10 – Notwithstanding Section 13340, there is hereby appropriated from the …
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Notwithstanding Section 13340, 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 Government Code 8879.10
- Fund: means the Seismic Retrofit Bond Fund of 1996 created pursuant to Section 8879. See California Government Code 8879.2
- State: means the State of California, unless applied to the different parts of the United States. See California Government Code 18
(b) The sum which is necessary to carry out Section 8879.12, appropriated without regard to fiscal years.
(Added by Stats. 1995, Ch. 310, Sec. 1. Approved in Proposition 192 at the March 26, 1996, election.)