State Codes and Statutes

Statutes > California > Gov > 63048-63048.5

GOVERNMENT CODE
SECTION 63048-63048.5



63048.  For purposes of this article, the following terms have the
following meanings, unless the context clearly indicates or requires
another meaning:
   (a)"Board" means the State Water Resources Control Board.
   (b) "Revolving fund" means the State Water Pollution Control
Revolving Fund created by Chapter 6.5 (commencing with Section 13475)
of Division 7 of the Water Code.



63048.3.  Notwithstanding any other provision of this division,
Article 3 (commencing with Section 63040), Article 4 (commencing with
Article 63042), and Article 5 (commencing with Section 63043) do not
apply to any financing provided by the bank to, or at the request
of, the board in connection with the revolving fund.




63048.5.  (a) The bank may issue taxable or tax-exempt revenue bonds
pursuant to Chapter 5 (commencing with Section 63070) and deposit
the proceeds from the bonds into the revolving fund or use the
proceeds to refund bonds previously issued under this article. Bond
proceeds may also be used to fund necessary reserves, capitalized
interest, or costs of issuance.
   (b) Except as may be provided in the governing documents with
respect to bond anticipation notes, each of the bonds issued under
this article shall, to the extent provided in the governing
documents, be payable from, and secured by, all or a portion of the
revenues in the revolving fund and the assets of the revolving fund,
to the extent the revenues and assets are pledged by the board for
those purposes.
   (c) Bonds issued under this article shall not be deemed to
constitute a debt or liability of the state or of any political
subdivision thereof, other than the bank, or a pledge of the faith
and credit of the state or of any political subdivision, but shall be
payable solely from the revolving fund and the assets of the
revolving fund, and the security provided by the revolving fund. All
bonds issued under this article shall contain on the face of the
bonds a statement to the same effect.

State Codes and Statutes

Statutes > California > Gov > 63048-63048.5

GOVERNMENT CODE
SECTION 63048-63048.5



63048.  For purposes of this article, the following terms have the
following meanings, unless the context clearly indicates or requires
another meaning:
   (a)"Board" means the State Water Resources Control Board.
   (b) "Revolving fund" means the State Water Pollution Control
Revolving Fund created by Chapter 6.5 (commencing with Section 13475)
of Division 7 of the Water Code.



63048.3.  Notwithstanding any other provision of this division,
Article 3 (commencing with Section 63040), Article 4 (commencing with
Article 63042), and Article 5 (commencing with Section 63043) do not
apply to any financing provided by the bank to, or at the request
of, the board in connection with the revolving fund.




63048.5.  (a) The bank may issue taxable or tax-exempt revenue bonds
pursuant to Chapter 5 (commencing with Section 63070) and deposit
the proceeds from the bonds into the revolving fund or use the
proceeds to refund bonds previously issued under this article. Bond
proceeds may also be used to fund necessary reserves, capitalized
interest, or costs of issuance.
   (b) Except as may be provided in the governing documents with
respect to bond anticipation notes, each of the bonds issued under
this article shall, to the extent provided in the governing
documents, be payable from, and secured by, all or a portion of the
revenues in the revolving fund and the assets of the revolving fund,
to the extent the revenues and assets are pledged by the board for
those purposes.
   (c) Bonds issued under this article shall not be deemed to
constitute a debt or liability of the state or of any political
subdivision thereof, other than the bank, or a pledge of the faith
and credit of the state or of any political subdivision, but shall be
payable solely from the revolving fund and the assets of the
revolving fund, and the security provided by the revolving fund. All
bonds issued under this article shall contain on the face of the
bonds a statement to the same effect.


State Codes and Statutes

State Codes and Statutes

Statutes > California > Gov > 63048-63048.5

GOVERNMENT CODE
SECTION 63048-63048.5



63048.  For purposes of this article, the following terms have the
following meanings, unless the context clearly indicates or requires
another meaning:
   (a)"Board" means the State Water Resources Control Board.
   (b) "Revolving fund" means the State Water Pollution Control
Revolving Fund created by Chapter 6.5 (commencing with Section 13475)
of Division 7 of the Water Code.



63048.3.  Notwithstanding any other provision of this division,
Article 3 (commencing with Section 63040), Article 4 (commencing with
Article 63042), and Article 5 (commencing with Section 63043) do not
apply to any financing provided by the bank to, or at the request
of, the board in connection with the revolving fund.




63048.5.  (a) The bank may issue taxable or tax-exempt revenue bonds
pursuant to Chapter 5 (commencing with Section 63070) and deposit
the proceeds from the bonds into the revolving fund or use the
proceeds to refund bonds previously issued under this article. Bond
proceeds may also be used to fund necessary reserves, capitalized
interest, or costs of issuance.
   (b) Except as may be provided in the governing documents with
respect to bond anticipation notes, each of the bonds issued under
this article shall, to the extent provided in the governing
documents, be payable from, and secured by, all or a portion of the
revenues in the revolving fund and the assets of the revolving fund,
to the extent the revenues and assets are pledged by the board for
those purposes.
   (c) Bonds issued under this article shall not be deemed to
constitute a debt or liability of the state or of any political
subdivision thereof, other than the bank, or a pledge of the faith
and credit of the state or of any political subdivision, but shall be
payable solely from the revolving fund and the assets of the
revolving fund, and the security provided by the revolving fund. All
bonds issued under this article shall contain on the face of the
bonds a statement to the same effect.