California Government Code

§ 16949

GOV § 16949 Effective Aug 11, 2004Div. 4 · Title 2 · Part 3 · Ch. 8 · Art. 2

Statute text

The proceeds of the bonds shall be applied to the funding or refunding of pension obligations, or refunding of bonds previously issued under this chapter, together with all costs of issuing the bonds and refunding pension obligations or prior bonds and the costs of any ancillary obligation. Notwithstanding Sections 20822 and 20824, or any other provision of law, the proceeds of the bonds may be applied to the prepayment of pension obligations.

Legislative history

Added by Stats. 2004, Ch. 215, Sec. 4. Effective August 11, 2004.