California Health and Safety Code 54020 – 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 part, an amount that will equal the total of both of the following:
(a) The sum annually necessary to pay the principal of, and interest on, bonds issued and sold pursuant to this part, as the principal and interest become due and payable.
Terms Used In California Health and Safety Code 54020
- Fund: means the Affordable Housing Bond Act Trust Fund of 2018 created pursuant to Section 54006. See California Health and Safety Code 54002
- State: means the State of California, unless applied to the different parts of the United States. See California Health and Safety Code 23
(b) The sum which is necessary to carry out Section 54024, appropriated without regard to fiscal years.
(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)