§ 2642 Bond Payment Appropriations

Fish and Game Code·California

AI SummaryVerified

This law sets aside money each year to pay back bonds and to fund the programs described in Section 2644.

Key Takeaways

•Money is taken from the state’s main fund to pay bond principal and interest.
•Additional money is set aside to carry out the tasks in Section 2644, no matter the fiscal year.
•The funding happens automatically each year as needed.

Example

A city issues bonds to build a new library.

The state uses tax money to make sure the library’s loan is repaid on time and that the library can keep running.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 2642 Bond Payment Appropriations

There is hereby appropriated from the General Fund in the State Treasury for the purpose of this chapter, such an amount as will equal the following: (a) Such sum annually as will be necessary to pay the principal and interest on bonds issued and sold pursuant to the provisions of this chapter, as principal and interest become due and payable. (b) Such sum as is necessary to carry out the provisions of Section 2644, which sum is appropriated without regard to fiscal years. (Added by Stats. 1984, Ch. 6, Sec. 1. Approved in Proposition 19 at the June 5, 1984, election. Operative July 1, 1984, by Stats. 1984, Ch. 6, Sec. 3.)

Last verified: January 10, 2026

Key Terms

General Fund principal and interest bonds Section 2644

References

Official text at leginfo.legislature.ca.gov
California Legislature. Fish and Game Code. Section 2642.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References