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HomeGovernment CodeCh. 4§ 99067 Finance Department Bond Authority

§ 99067 Finance Department Bond Authority

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 99067 Finance Department Bond Authority

Key Takeaways

  • •The Department of Finance is in charge of handling money for big projects in the state.
  • •They act like a 'board' that decides how to use the money from special loans called bonds.
  • •This rule was added in 2003 and approved by voters in 2004.

Example

Imagine the state wants to build new schools but doesn’t have enough money right now.

The Department of Finance, acting like a board, would decide how to borrow money (by selling bonds) and then pay it back later to build those schools.

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

Official Source
View on CA.gov

§ 99067 Finance Department Bond Authority

For purposes of this title, the Department of Finance is designated the “board” as that term is used in the State General Obligation Bond Law. (Added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. Approved in Proposition 57 at the March 2, 2004, election.)

Last verified: January 22, 2026

Key Terms

titlestate general obligationbond lawpropositionthe departmentelection

Related Statutes

  • § 99066 Bond Issuance And Management
  • § 99069 Bond Tax Exemption Compliance
  • § 99075 Bond Refunding Approval
  • § 8878.121 Bond Maturity Limits
  • § 8879.6 Bond Issuance Procedures

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 99067.
View Official Source