Statute · California Government Code
Cal. Gov't Code § 16951 — Issuance of Bonds to Finance the Program
Cal. Gov't Code § 16951
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Date
- 2004-08-11
- Current through
- Nov 2, 2026 (California Legislative Counsel)
When proceeds of bonds issued pursuant to this chapter are used to pay the state’s pension obligations to the retirement system for members whose compensation is paid from the General Fund, the Controller shall, notwithstanding any other provision of law, abate quarterly to the General Fund an…
Citator
Cal. Gov't Code § 16951 — Issuance of Bonds to Finance the Program is in force in the current edition of the Code, and nothing recorded condemns it.
When proceeds of bonds issued pursuant to this chapter are used to pay the state’s pension obligations to the retirement system for members whose compensation is paid from the General Fund, the Controller shall, notwithstanding any other provision of law, abate quarterly to the General Fund an amount equal to the quarterly pension obligations paid from bond proceeds with respect to those members, as certified by the Director of Finance and authorized in any General Fund appropriation item or in any category thereof.