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2017 California Code
Streets and Highways Code - SHC
DIVISION 3 - APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS
CHAPTER 17 - Passenger Rail and Clean Air Bond Act of 1990
ARTICLE 3 - Fiscal Provisions
Section 2701.11.
Universal Citation: CA St & Hwy Code § 2701.11 (2017)
2701.11.
(a) Except as provided in subdivision (b), the bonds authorized by this chapter shall be prepared, executed, issued, sold, paid, and redeemed as provided in the State General Obligation Bond Law (Chapter 4 (commencing with Section 16720) of Part 3 of Division 4 of Title 2 of the Government Code), and all of the provisions of that law apply to the bonds and to this chapter and are hereby incorporated in this chapter as though set forth in full in this chapter.
(b) Notwithstanding any provision of the State General Obligation Bond Law, each issue of bonds authorized by the committee shall have a final maturity of not more than 20 years.
(Added by Stats. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
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