Government Code section 16722

As used in this chapter, the following terms shall have the following meaning unless the context otherwise requires:

(a)

“Board” means the state board, department, or agency authorized by that act to request the committee to cause bonds to be issued for the purpose of creating a fund that is to be expended by the board for the purposes specified in that act.

(b)

“Bond” means a state general obligation bond issued pursuant to an act adopting the provisions of this chapter.

(c)

“Bond act” means the act authorizing the issuance of state general obligation bonds and adopting this chapter by reference.

(d)

“Committee” means the finance committee or other body created by that act and authorized to cause bonds to be issued by the adoption of a resolution or resolutions.

(e)

“Fund” means the fund created by that act, and into which the proceeds from the sale of the bonds are paid.

(f)

“Tender” means a term of a bond that gives the holder the right to have the bond purchased from the holder at a predetermined price prior to maturity.

Source: Section 16722, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=16722.­ (updated Jul. 24, 2001; accessed Sep. 1, 2025).

Up to date

Verified:
Sep. 1, 2025

§ 16722's source at ca​.gov