2005 California Government Code Sections 15819.30-15819.31 CENTRAL OFFICE PROJECT

15819.30.  (a) The board may issue revenue bonds, negotiable notes,
or negotiable bond anticipation notes pursuant to Chapter 5
(commencing with Section 15830) to finance the construction of the
second phase of the Franchise Tax Board central office project,
parking facilities, and any other improvements, betterments, and
facilities related thereto as described in Section 15704.
   (b) The amount of revenue bonds, negotiable notes, or negotiable
bond anticipation notes to be sold shall equal the cost of
construction, the cost of working drawings, and any additional sums
necessary to pay financing costs, including interest during
construction, and a reasonably required reserve fund.
   (c) The amount of negotiable bond anticipation notes to be sold
shall not exceed the amount of revenue bonds or negotiable notes
authorized by this section.
   (d) Authorized construction costs shall not exceed forty million
dollars ($40,000,000) based on the Lee Saylor Cost Index 433.
   (e) Any augmentation of the approved project costs shall be
subject to the provisions of Section 13332.11.
   (f) The board may borrow funds for project costs from the Pooled
Money Investment Account pursuant to Sections 16312 and 16313.
15819.31.  The Director of General Services may execute and deliver
a lease with the  board for the lease of the facilities described in
Section 15819.30 which are financed with the proceeds of the board's
bonds, notes, or bond anticipation notes issued in accordance with
that section.