Public Resources Code section 95011

Pursuant to the State General Obligation Bond Law, the cost of bond issuance shall be paid or reimbursed out of the bond proceeds, including premiums, if any. To the extent the cost of bond issuance is not paid from premiums received from the sale of bonds, these costs shall be allocated proportionally to each program funded through this division by the applicable bond sale.

Source: Section 95011, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PRC§ionNum=95011. (updated Nov. 6, 2024; accessed Jul. 7, 2025).

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Up to date

Verified:
Jul. 7, 2025

§ 95011's source at ca.gov

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Location: https://california.public.law/codes/public_resources_code_section_95011

Original Source: Section 95011, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=PRC§ionNum=95011. (last accessed May 12, 2025).