California Public Utilities Code

§ 99692

PUC § 99692Div. 10 · Part 11.5 · Ch. 6

Statute text

(a)Solely for the purpose of authorizing the issuance and sale, pursuant to the State General Obligation Bond Law, of the bonds authorized by this chapter, the Transportation Improvement Finance Committee is hereby created. For purposes of this chapter, the Transportation Improvement Finance Committee is “the committee” as that term is used in the State General Obligation Bond Law. The committee shall consist of the Controller, the Director of Finance, and the Treasurer, or their designated representatives. The Treasurer shall serve as chairperson of the committee. A majority of the committee may act for the committee.

(b)For purposes of this chapter, the commission is hereby designated as “the board.”

Legislative history

Added June 5, 1990, by initiative Proposition 116.