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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 1. GENERAL |
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Chapter 9.7. Superconducting Super Collider |
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ARTICLE 2. Lease Purchase Financing |
Section 8790.32.
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An amount not to exceed the amount of unsold bonds which the board has by resolution authorized to be sold for the purposes of carrying out this article is hereby appropriated from the General Fund to the Director of Finance, who may direct that any portion of that amount shall be deposited into a special account in the SSC Development Fund, to be used for the financing costs of the collider. Any amounts made available from the General Fund under this section to the Department of General Services shall be repaid by the Department of General Services to the General Fund from the proceeds received from the sale of bonds sold for the purpose of carrying out this article. These amounts shall be repaid to the General Fund with interest at the rate which the Treasurer certifies would have been earned on those amounts if invested in the Surplus Money Investment Fund.