§ 12942 Bond Sale Authorization

Water Code·California

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Key Takeaways

•The State Treasurer can sell bonds without needing the Governor's approval.
•The State Treasurer decides when to sell the bonds.
•Normal rules requiring the Governor's direction for bond sales do not apply here.

Example

Imagine the state needs money to build new schools.

The State Treasurer can sell bonds to get the money without having to ask the Governor for permission first.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 12942 Bond Sale Authorization

The committee may authorize the State Treasurer to sell all or any part of the bonds herein authorized at such date or dates as may be fixed by the State Treasurer and no direction of the Governor shall be required. The provisions of Sections 16750 and 16754 of the Government Code respecting the direction of the Governor shall not be applicable to such sale. (Added by Stats. 1959, Ch. 1762.)

Last verified: January 23, 2026

Key Terms

committee State Treasurer bonds Governor Sections 16750 and 16754 Government Code

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 12942.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References