Section 15819.404 - Amount of bonds and notes soldNotwithstanding Section 15819.403, the amount of revenue bonds, negotiable notes, or negotiable bond anticipation notes to be sold may include the following:
(a) The cost of design and construction, including, without limitation, renovation, or construction management and supervision, and other costs related to the design and construction, including, without limitation, renovation, of the facilities, including augmentations.(b) Sums necessary to pay interim financing.(c) In addition to the amount authorized by Section 15819.403, any additional amount as may be authorized by the board to establish a reasonable construction reserve and to pay the costs of financing, including the payment of interest prior to, during, and for a period of six months after construction of the project, the cost of financing a debt-service reserve fund, and the cost of issuance of permanent financing for the project. This additional amount may include interest payable on any interim loan for the facility from the General Fund or the Pooled Money Investment Account pursuant to Sections 16312 and 16313.Ca. Gov. Code § 15819.404
Amended by Stats 2012 ch 42 (SB 1022),s 5, eff. 6/27/2012.Amended by Stats 2009 ch 16 (SB X3-14),s 4, eff. 2/20/2009.Added by Stats 2007 ch 7 (AB 900),s 2, eff. 5/3/2007.