Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
Article 5.5 - Legislative Office Facilities
California Government Code — §§ 9115-9124
Sections (9)
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
As used in this article, the following terms have the following meanings:
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
The terms of the lease financing are those specified in the lease, trust agreement, indenture, and any related documents executed and delivered between the lessor, the lessee, and the Treasurer. The total amount of lease financing under this article shall not exceed the sum of the cost of the project, including all sums necessary to pay the costs of coordination, direction, and supervision of development and design, financing costs, interest during construction, a reasonably required reserve fund, interest on interim financing, administrative expenses of the lessor, the lessee, the Treasurer, and their agents and consultants, and the transfer and relocation of the present occupants of the buildings to new facilities.
Amended by Stats. 2004, Ch. 193, Sec. 41. Effective January 1, 2005.
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
The State of California does pledge to, and agree with, the holders of any bonds issued under this article, and with those parties who may enter into contracts with the lessor, the lessee, and the Treasurer pursuant to this article, that the state will not limit or alter the rights vested in the lessor, the lessee, or the Treasurer to finance the project or to fulfill the terms of any lease, trust agreement, indenture, or other contract or instrument by, between, or among the lessor, the lessee, or the Treasurer pursuant to this article, or in any way impair the rights or remedies of the bonds or of the parties until those bonds, together with interest thereon, are fully paid and discharged in accordance with their terms, and all the contracts and instruments are fully performed in accordance with their terms.
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.
Repealed and added by Stats. 1989, Ch. 1366, Sec. 2. Effective October 2, 1989.