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California Law (Last Updated: March 4, 2014) |
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Government Code - GOV |
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Title 2. GOVERNMENT OF THE STATE OF CALIFORNIA |
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Division 3. EXECUTIVE DEPARTMENT |
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Part 2. CONSTITUTIONAL OFFICERS |
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Chapter 3. Secretary of State |
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ARTICLE 4. State Archives |
Section 12235.
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(a) The Director of General Services, as agent for the Secretary of State, shall construct on Site 7, Capital Area Plan, a Secretary of State and State Archives Building Complex, parking facilities, and any other improvements, betterments, and facilities related thereto, for the primary use of the Secretary of State and State Archives as outlined in the study report required by Section 12234.
(b) Revenue bonds, negotiable notes, and negotiable bond anticipation notes may be issued by the State Public Works Board pursuant to the State Building Construction Act of 1955, Part 10b (commencing with Section 15800), to finance the construction and equipping of the Secretary of State and State Archives Building Complex, parking facilities, and any other improvements, betterments, and facilities related thereto as described in subdivision (a).
(c) The amount of revenue bonds, negotiable notes, or negotiable bond anticipation notes to be sold shall equal the cost of construction and equipping of the complex and facilities, the cost of working drawings, sums necessary to pay financing costs, including interest during construction, and a reasonable reserve fund. Construction costs shall not exceed one hundred million dollars ($100,000,000) based on the Lee-Saylor Cost Index 433.
(d) The amount of negotiable bond anticipation notes sold shall not exceed the amount of revenue bonds and negotiable notes authorized by this section. Any augmentation of the approved project costs shall be subject to Section 13332.11. The board may borrow funds for project costs from the Pooled Money Investment Account pursuant to Sections 16312 and 16313.
(e) At least 20 days prior to the award of the principal bid for the construction of the complex, the director shall notify the chairpersons of the fiscal committees of each house of the Legislature of the amount of the bid.
(f) (1) The Director of General Services may lease the complex and facilities financed with the proceeds of the revenue bonds, negotiable notes, or negotiable bond anticipation notes from the board pursuant to Section 15817 for use by the Secretary of State and State Archives.
(2) The director shall notify the Chairperson of the Joint Legislative Budget Committee of the director's intention to execute any lease agreement authorized by paragraph (1) at least 20 days prior to its execution.