15820.10. (a) The board may issue certificates pursuant to Chapter
4 (commencing with Section 15821) or revenue bonds, negotiable notes,
or negotiable bond anticipation notes pursuant to Chapter 5
(commencing with Section 15830) to finance the cost of construction
or renovation and the equipping of the public buildings or facilities
authorized by this chapter.
(b) The revenues, rentals, or receipts from the public buildings
or facilities and equipment authorized by this chapter shall be
pledged to the payment of the principal of, and the interest on, the
certificates, revenue bonds, notes, or anticipation notes issued to
finance the construction or renovation and the equipping of those
public buildings or facilities.
(c) No certificates, revenue bonds, notes, or anticipation notes
shall be issued, and no construction or renovation and the equipping
for any public building or facility authorized by this chapter shall
be commenced or purchased, unless the Legislature, by statute,
authorizes the total amount of certificates, revenue bonds, notes, or
anticipation notes that may be used to finance the construction of
that public building or facility.
(d) It is the intent of the Legislature that preliminary plans for
each project shall be made available for legislative review prior to
the authorization of funding under the provisions of this chapter.
15820.11. (a) The Legislature authorizes the use of revenue bonds
and negotiable notes or negotiable bond anticipation notes to finance
the construction of the Food and Agricultural Sciences Building
capital outlay project on the campus of the University of California
at Davis.
(b) The amount of revenue bonds or negotiable notes to be sold
shall equal the cost of construction, any additional sums necessary
to pay financing costs, including interest, during construction, and
a reasonably required reserve fund. The amount of negotiable bond
anticipation notes to be sold shall not exceed the amount of revenue
bonds or negotiable notes authorized by this section.
(c) Authorized construction costs shall be forty-two million three
hundred ninety-seven thousand dollars ($42,397,000) based on the
Engineering News Record Construction Cost Index 4400.
(d) Any augmentation of the approved project costs shall be
subject to the provisions of Section 13332.11 of the Government Code.
15820.12. The board may contract for a project authorized by the
Legislature before issuing certificates, revenue bonds, notes, or
bond anticipation notes pursuant to Section 15820.10 if any segment
of higher education provides from any lawful source temporary
construction financing to meet contract payments for the project or
if the board obtains a loan from the General Fund. Any loan from the
General Fund shall be specifically authorized by the Legislature and
shall not exceed the amount authorized by the Legislature. The loan
amount shall be repaid by the board to the General Fund together with
interest in the amount that those moneys would have earned in the
Pooled Money Investment Account.
It is the intent of this section to reduce the cost of the
projects and time between the authorization of capital outlay
projects by the Legislature and the availability of those projects
for student and faculty use.
15820.13. (a) The Legislature authorizes the use of revenue bonds
and negotiable notes or negotiable bond anticipation notes to finance
the construction of the Equine Drug Testing Laboratory capital
outlay project on the campus of the University of California at
Davis.
(b) The State Public Works Board may authorize the issuance of
revenue bonds, negotiable notes, or negotiable bond anticipation
notes for an amount not to exceed six million six hundred thousand
dollars ($6,600,000), based on the Engineering News Record
Construction Cost Index 5900, to pay the costs of constructing and
equipping the laboratory, plus any additional amount necessary to
cover the costs of financing the constructing and equipping of the
laboratory, including interest during construction, the costs of
issuing the bonds or notes, and the cost of establishing a reasonably
required reserve fund.
(c) The revenue bonds, negotiable notes, or negotiable bond
anticipation notes shall not be authorized for issuance by the State
Public Works Board until the time the Regents of the University of
California certify to the State Public Works Board and the Joint
Legislative Budget Committee that there are sufficient funds
available in the California Veterinary Diagnostic Laboratory System
and California Center for Equine Health and Performance Account in
the Fair and Exposition Fund to provide necessary rental payments
from which to repay the revenue bonds, negotiable notes, or
negotiable bond anticipation notes to be sold to finance the project,
and until the Regents of the University of California agree to repay
the outstanding debt from non-General Fund moneys if the amount of
funds in the California Veterinary Diagnostic Laboratory System and
California Center for Equine Health and Performance Account in the
Fair and Exposition Fund are insufficient to repay any outstanding
debt.
(d) Authorized total project costs shall not exceed twelve million
dollars ($12,000,000) based on the Engineering News Record
Construction Cost Index 5900.
(e) The difference between the authorized total project costs
identified in subdivision (d) and the amount to be financed as
identified in subdivision (b) is hereby appropriated from accumulated
parimutuel revenues from the portion of the California Veterinary
Diagnostic Laboratory System and California Center for Equine Health
and Performance Account in the Fair and Exposition Fund designated
for the California Veterinary Diagnostic Laboratory System pursuant
to subdivision (d) of Section 19578 of the Business and Professions
Code to the board for expenditure for the purposes of this section.
(f) Any augmentation of the approved project costs shall be
subject to Section 13332.11.
(g) (1) The revenue bonds, negotiable notes, or negotiable bond
anticipation notes to be sold to finance this project, and the
related interest and expenses, shall be repaid by rental payments for
the project made to the board by the Regents of the University of
California, which shall be solely funded from amounts on deposit in
the portion of the California Veterinary Diagnostic Laboratory System
and California Center for Equine Health and Performance Account in
the Fair and Exposition Fund established pursuant to subdivision (d)
of Section 19578 of the Business and Professions Code that are
designated for the California Veterinary Diagnostic Laboratory
System.
(2) The State of California pledges to and agrees with the holders
of any revenue bonds, negotiable notes, or bond anticipation notes
sold to finance this project that the state will not alter or change
the structure of funding of, and deposits to, the California
Veterinary Diagnostic Laboratory System and California Center for
Equine Health and Performance Account or the pledge of funds for debt
service, security, including any coverage factors and expenses
entered into by the board pursuant to this part until the revenue
bonds, negotiable notes, or negotiable bond anticipation notes sold
to finance this project are fully paid or discharged or have been
fully provided for in accordance with their terms. However, nothing
precludes any alterations or changes if adequate provision is made by
law for the protection from impairment of the contract represented
by the bonds or other indebtedness, or obligations, and the right to
so alter or change is hereby reserved. The board and the Regents of
the University of California may include this pledge and undertaking
of the state in their bonds, indentures, leases, or other documents
relating to the obligations authorized in this section.
(3) Due to the exclusive source of repayment provided for in this
section, all contrary provisions of this part, including, but not
limited to, Sections 15848 and 15849.2, which provide for other
sources and methods of payment, do not apply. Notwithstanding any
other provision of law, if the amount of funds in the California
Veterinary Diagnostic Laboratory System and California Center for
Equine Health and Performance Account in the Fair and Exposition Fund
is insufficient to repay the revenue bonds, negotiable notes, or
negotiable bond anticipation notes sold to finance this project and
related interest and expenses, moneys appropriated from the General
Fund shall not be used as an alternative source of repayment.
(h) Revenue bonds, negotiable notes, or negotiable bond
anticipation notes issued under this section shall not constitute a
debt or liability of the state, and do not constitute a pledge of the
full faith and credit of the state. The issuance of bonds under this
section shall not directly or indirectly or contingently obligate
the state to levy or to pledge any form of taxation whatever or to
make any appropriation for their payment.
(i) As an alternative to the issuance of bonds, notes, or other
indebtedness by the Public Works Board, the Regents of the University
of California may issue bonds, notes, or other indebtedness in order
to finance the construction of the Equine Drug Testing Laboratory
pursuant to this section, provided that no moneys appropriated from
the General Fund shall be used to secure or repay any of the
indebtedness of the regents.
15820.10. (a) The board may issue certificates pursuant to Chapter
4 (commencing with Section 15821) or revenue bonds, negotiable notes,
or negotiable bond anticipation notes pursuant to Chapter 5
(commencing with Section 15830) to finance the cost of construction
or renovation and the equipping of the public buildings or facilities
authorized by this chapter.
(b) The revenues, rentals, or receipts from the public buildings
or facilities and equipment authorized by this chapter shall be
pledged to the payment of the principal of, and the interest on, the
certificates, revenue bonds, notes, or anticipation notes issued to
finance the construction or renovation and the equipping of those
public buildings or facilities.
(c) No certificates, revenue bonds, notes, or anticipation notes
shall be issued, and no construction or renovation and the equipping
for any public building or facility authorized by this chapter shall
be commenced or purchased, unless the Legislature, by statute,
authorizes the total amount of certificates, revenue bonds, notes, or
anticipation notes that may be used to finance the construction of
that public building or facility.
(d) It is the intent of the Legislature that preliminary plans for
each project shall be made available for legislative review prior to
the authorization of funding under the provisions of this chapter.
15820.11. (a) The Legislature authorizes the use of revenue bonds
and negotiable notes or negotiable bond anticipation notes to finance
the construction of the Food and Agricultural Sciences Building
capital outlay project on the campus of the University of California
at Davis.
(b) The amount of revenue bonds or negotiable notes to be sold
shall equal the cost of construction, any additional sums necessary
to pay financing costs, including interest, during construction, and
a reasonably required reserve fund. The amount of negotiable bond
anticipation notes to be sold shall not exceed the amount of revenue
bonds or negotiable notes authorized by this section.
(c) Authorized construction costs shall be forty-two million three
hundred ninety-seven thousand dollars ($42,397,000) based on the
Engineering News Record Construction Cost Index 4400.
(d) Any augmentation of the approved project costs shall be
subject to the provisions of Section 13332.11 of the Government Code.
15820.12. The board may contract for a project authorized by the
Legislature before issuing certificates, revenue bonds, notes, or
bond anticipation notes pursuant to Section 15820.10 if any segment
of higher education provides from any lawful source temporary
construction financing to meet contract payments for the project or
if the board obtains a loan from the General Fund. Any loan from the
General Fund shall be specifically authorized by the Legislature and
shall not exceed the amount authorized by the Legislature. The loan
amount shall be repaid by the board to the General Fund together with
interest in the amount that those moneys would have earned in the
Pooled Money Investment Account.
It is the intent of this section to reduce the cost of the
projects and time between the authorization of capital outlay
projects by the Legislature and the availability of those projects
for student and faculty use.
15820.13. (a) The Legislature authorizes the use of revenue bonds
and negotiable notes or negotiable bond anticipation notes to finance
the construction of the Equine Drug Testing Laboratory capital
outlay project on the campus of the University of California at
Davis.
(b) The State Public Works Board may authorize the issuance of
revenue bonds, negotiable notes, or negotiable bond anticipation
notes for an amount not to exceed six million six hundred thousand
dollars ($6,600,000), based on the Engineering News Record
Construction Cost Index 5900, to pay the costs of constructing and
equipping the laboratory, plus any additional amount necessary to
cover the costs of financing the constructing and equipping of the
laboratory, including interest during construction, the costs of
issuing the bonds or notes, and the cost of establishing a reasonably
required reserve fund.
(c) The revenue bonds, negotiable notes, or negotiable bond
anticipation notes shall not be authorized for issuance by the State
Public Works Board until the time the Regents of the University of
California certify to the State Public Works Board and the Joint
Legislative Budget Committee that there are sufficient funds
available in the California Veterinary Diagnostic Laboratory System
and California Center for Equine Health and Performance Account in
the Fair and Exposition Fund to provide necessary rental payments
from which to repay the revenue bonds, negotiable notes, or
negotiable bond anticipation notes to be sold to finance the project,
and until the Regents of the University of California agree to repay
the outstanding debt from non-General Fund moneys if the amount of
funds in the California Veterinary Diagnostic Laboratory System and
California Center for Equine Health and Performance Account in the
Fair and Exposition Fund are insufficient to repay any outstanding
debt.
(d) Authorized total project costs shall not exceed twelve million
dollars ($12,000,000) based on the Engineering News Record
Construction Cost Index 5900.
(e) The difference between the authorized total project costs
identified in subdivision (d) and the amount to be financed as
identified in subdivision (b) is hereby appropriated from accumulated
parimutuel revenues from the portion of the California Veterinary
Diagnostic Laboratory System and California Center for Equine Health
and Performance Account in the Fair and Exposition Fund designated
for the California Veterinary Diagnostic Laboratory System pursuant
to subdivision (d) of Section 19578 of the Business and Professions
Code to the board for expenditure for the purposes of this section.
(f) Any augmentation of the approved project costs shall be
subject to Section 13332.11.
(g) (1) The revenue bonds, negotiable notes, or negotiable bond
anticipation notes to be sold to finance this project, and the
related interest and expenses, shall be repaid by rental payments for
the project made to the board by the Regents of the University of
California, which shall be solely funded from amounts on deposit in
the portion of the California Veterinary Diagnostic Laboratory System
and California Center for Equine Health and Performance Account in
the Fair and Exposition Fund established pursuant to subdivision (d)
of Section 19578 of the Business and Professions Code that are
designated for the California Veterinary Diagnostic Laboratory
System.
(2) The State of California pledges to and agrees with the holders
of any revenue bonds, negotiable notes, or bond anticipation notes
sold to finance this project that the state will not alter or change
the structure of funding of, and deposits to, the California
Veterinary Diagnostic Laboratory System and California Center for
Equine Health and Performance Account or the pledge of funds for debt
service, security, including any coverage factors and expenses
entered into by the board pursuant to this part until the revenue
bonds, negotiable notes, or negotiable bond anticipation notes sold
to finance this project are fully paid or discharged or have been
fully provided for in accordance with their terms. However, nothing
precludes any alterations or changes if adequate provision is made by
law for the protection from impairment of the contract represented
by the bonds or other indebtedness, or obligations, and the right to
so alter or change is hereby reserved. The board and the Regents of
the University of California may include this pledge and undertaking
of the state in their bonds, indentures, leases, or other documents
relating to the obligations authorized in this section.
(3) Due to the exclusive source of repayment provided for in this
section, all contrary provisions of this part, including, but not
limited to, Sections 15848 and 15849.2, which provide for other
sources and methods of payment, do not apply. Notwithstanding any
other provision of law, if the amount of funds in the California
Veterinary Diagnostic Laboratory System and California Center for
Equine Health and Performance Account in the Fair and Exposition Fund
is insufficient to repay the revenue bonds, negotiable notes, or
negotiable bond anticipation notes sold to finance this project and
related interest and expenses, moneys appropriated from the General
Fund shall not be used as an alternative source of repayment.
(h) Revenue bonds, negotiable notes, or negotiable bond
anticipation notes issued under this section shall not constitute a
debt or liability of the state, and do not constitute a pledge of the
full faith and credit of the state. The issuance of bonds under this
section shall not directly or indirectly or contingently obligate
the state to levy or to pledge any form of taxation whatever or to
make any appropriation for their payment.
(i) As an alternative to the issuance of bonds, notes, or other
indebtedness by the Public Works Board, the Regents of the University
of California may issue bonds, notes, or other indebtedness in order
to finance the construction of the Equine Drug Testing Laboratory
pursuant to this section, provided that no moneys appropriated from
the General Fund shall be used to secure or repay any of the
indebtedness of the regents.
15820.10. (a) The board may issue certificates pursuant to Chapter
4 (commencing with Section 15821) or revenue bonds, negotiable notes,
or negotiable bond anticipation notes pursuant to Chapter 5
(commencing with Section 15830) to finance the cost of construction
or renovation and the equipping of the public buildings or facilities
authorized by this chapter.
(b) The revenues, rentals, or receipts from the public buildings
or facilities and equipment authorized by this chapter shall be
pledged to the payment of the principal of, and the interest on, the
certificates, revenue bonds, notes, or anticipation notes issued to
finance the construction or renovation and the equipping of those
public buildings or facilities.
(c) No certificates, revenue bonds, notes, or anticipation notes
shall be issued, and no construction or renovation and the equipping
for any public building or facility authorized by this chapter shall
be commenced or purchased, unless the Legislature, by statute,
authorizes the total amount of certificates, revenue bonds, notes, or
anticipation notes that may be used to finance the construction of
that public building or facility.
(d) It is the intent of the Legislature that preliminary plans for
each project shall be made available for legislative review prior to
the authorization of funding under the provisions of this chapter.
15820.11. (a) The Legislature authorizes the use of revenue bonds
and negotiable notes or negotiable bond anticipation notes to finance
the construction of the Food and Agricultural Sciences Building
capital outlay project on the campus of the University of California
at Davis.
(b) The amount of revenue bonds or negotiable notes to be sold
shall equal the cost of construction, any additional sums necessary
to pay financing costs, including interest, during construction, and
a reasonably required reserve fund. The amount of negotiable bond
anticipation notes to be sold shall not exceed the amount of revenue
bonds or negotiable notes authorized by this section.
(c) Authorized construction costs shall be forty-two million three
hundred ninety-seven thousand dollars ($42,397,000) based on the
Engineering News Record Construction Cost Index 4400.
(d) Any augmentation of the approved project costs shall be
subject to the provisions of Section 13332.11 of the Government Code.
15820.12. The board may contract for a project authorized by the
Legislature before issuing certificates, revenue bonds, notes, or
bond anticipation notes pursuant to Section 15820.10 if any segment
of higher education provides from any lawful source temporary
construction financing to meet contract payments for the project or
if the board obtains a loan from the General Fund. Any loan from the
General Fund shall be specifically authorized by the Legislature and
shall not exceed the amount authorized by the Legislature. The loan
amount shall be repaid by the board to the General Fund together with
interest in the amount that those moneys would have earned in the
Pooled Money Investment Account.
It is the intent of this section to reduce the cost of the
projects and time between the authorization of capital outlay
projects by the Legislature and the availability of those projects
for student and faculty use.
15820.13. (a) The Legislature authorizes the use of revenue bonds
and negotiable notes or negotiable bond anticipation notes to finance
the construction of the Equine Drug Testing Laboratory capital
outlay project on the campus of the University of California at
Davis.
(b) The State Public Works Board may authorize the issuance of
revenue bonds, negotiable notes, or negotiable bond anticipation
notes for an amount not to exceed six million six hundred thousand
dollars ($6,600,000), based on the Engineering News Record
Construction Cost Index 5900, to pay the costs of constructing and
equipping the laboratory, plus any additional amount necessary to
cover the costs of financing the constructing and equipping of the
laboratory, including interest during construction, the costs of
issuing the bonds or notes, and the cost of establishing a reasonably
required reserve fund.
(c) The revenue bonds, negotiable notes, or negotiable bond
anticipation notes shall not be authorized for issuance by the State
Public Works Board until the time the Regents of the University of
California certify to the State Public Works Board and the Joint
Legislative Budget Committee that there are sufficient funds
available in the California Veterinary Diagnostic Laboratory System
and California Center for Equine Health and Performance Account in
the Fair and Exposition Fund to provide necessary rental payments
from which to repay the revenue bonds, negotiable notes, or
negotiable bond anticipation notes to be sold to finance the project,
and until the Regents of the University of California agree to repay
the outstanding debt from non-General Fund moneys if the amount of
funds in the California Veterinary Diagnostic Laboratory System and
California Center for Equine Health and Performance Account in the
Fair and Exposition Fund are insufficient to repay any outstanding
debt.
(d) Authorized total project costs shall not exceed twelve million
dollars ($12,000,000) based on the Engineering News Record
Construction Cost Index 5900.
(e) The difference between the authorized total project costs
identified in subdivision (d) and the amount to be financed as
identified in subdivision (b) is hereby appropriated from accumulated
parimutuel revenues from the portion of the California Veterinary
Diagnostic Laboratory System and California Center for Equine Health
and Performance Account in the Fair and Exposition Fund designated
for the California Veterinary Diagnostic Laboratory System pursuant
to subdivision (d) of Section 19578 of the Business and Professions
Code to the board for expenditure for the purposes of this section.
(f) Any augmentation of the approved project costs shall be
subject to Section 13332.11.
(g) (1) The revenue bonds, negotiable notes, or negotiable bond
anticipation notes to be sold to finance this project, and the
related interest and expenses, shall be repaid by rental payments for
the project made to the board by the Regents of the University of
California, which shall be solely funded from amounts on deposit in
the portion of the California Veterinary Diagnostic Laboratory System
and California Center for Equine Health and Performance Account in
the Fair and Exposition Fund established pursuant to subdivision (d)
of Section 19578 of the Business and Professions Code that are
designated for the California Veterinary Diagnostic Laboratory
System.
(2) The State of California pledges to and agrees with the holders
of any revenue bonds, negotiable notes, or bond anticipation notes
sold to finance this project that the state will not alter or change
the structure of funding of, and deposits to, the California
Veterinary Diagnostic Laboratory System and California Center for
Equine Health and Performance Account or the pledge of funds for debt
service, security, including any coverage factors and expenses
entered into by the board pursuant to this part until the revenue
bonds, negotiable notes, or negotiable bond anticipation notes sold
to finance this project are fully paid or discharged or have been
fully provided for in accordance with their terms. However, nothing
precludes any alterations or changes if adequate provision is made by
law for the protection from impairment of the contract represented
by the bonds or other indebtedness, or obligations, and the right to
so alter or change is hereby reserved. The board and the Regents of
the University of California may include this pledge and undertaking
of the state in their bonds, indentures, leases, or other documents
relating to the obligations authorized in this section.
(3) Due to the exclusive source of repayment provided for in this
section, all contrary provisions of this part, including, but not
limited to, Sections 15848 and 15849.2, which provide for other
sources and methods of payment, do not apply. Notwithstanding any
other provision of law, if the amount of funds in the California
Veterinary Diagnostic Laboratory System and California Center for
Equine Health and Performance Account in the Fair and Exposition Fund
is insufficient to repay the revenue bonds, negotiable notes, or
negotiable bond anticipation notes sold to finance this project and
related interest and expenses, moneys appropriated from the General
Fund shall not be used as an alternative source of repayment.
(h) Revenue bonds, negotiable notes, or negotiable bond
anticipation notes issued under this section shall not constitute a
debt or liability of the state, and do not constitute a pledge of the
full faith and credit of the state. The issuance of bonds under this
section shall not directly or indirectly or contingently obligate
the state to levy or to pledge any form of taxation whatever or to
make any appropriation for their payment.
(i) As an alternative to the issuance of bonds, notes, or other
indebtedness by the Public Works Board, the Regents of the University
of California may issue bonds, notes, or other indebtedness in order
to finance the construction of the Equine Drug Testing Laboratory
pursuant to this section, provided that no moneys appropriated from
the General Fund shall be used to secure or repay any of the
indebtedness of the regents.
