Skip to content
ChatProjectCodes

TITLE 2. GOVERNMENT OF THE STATE OF CALIFORNIA 8000-22980›DIVISION 4. FISCAL AFFAIRS 16100-17700›PART 3. STATE BONDS 16650-16965.1›CHAPTER 8. The California Pension Restructuring Bond Act of 2004 16940-16960›ARTICLE 2. Issuance of Bonds to Finance the Program 16945-16954

§ 16949

California Government Code · 2018-11 edition · updated 2026-10-04 · California

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.

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

Get a plain-English answer with a citation back to this text.

Ask AI about this code
Export this section
▸Contents — California Government Code
California Government Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.