DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 14. Tribal Housing Grant Program Fund Advisory Committee 15990-15990.3›CHAPTER 6. Minority and Women Business Participation Goals for Professional Bond Services 16850-16857›ARTICLE 1. General Provisions 16940-16943
§ 16941
California Government Code · 2026-09 edition · updated 2026-09-27 · California
It is the intent of the Legislature, in enacting this chapter, to provide for an efficient, equitable, and economical means of satisfying certain pension obligations of the state. Bonds shall be issued pursuant to this chapter only when the Director of Finance determines that the state’s pension obligations are anticipated to be reduced as a result of changes in the Public Employees’ Retirement Law that reduce contributions to the Public Employees’ Retirement System, and it is in the best interest of the state to issue bonds pursuant to this chapter to accelerate a portion of the state’s anticipated lower pension obligations.
(Added by Stats. 2004, Ch. 215, Sec. 4. Effective August 11, 2004.)
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