reglab/housing_qa huggingface dataset:
CA Govt Code § 63022 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63022.

63022.  The executive director shall manage and conduct the business and affairs of the bank, the infrastructure bank fund, and guarantee trust fund, subject to the direction of the board. Except as otherwise provided in this section, the board may assign to the executive director, by resolution, those duties generally necessary or convenient to carry out its powers and purposes under this chapter. Any action involving final approval of any bonds, notes, or loans shall require the approval of a majority of the members of the board. Subject to any conditions that the board may from time to time prescribe, the executive director may exercise any power, function, or duty conferred by law on the bank in connection with the administration, management, and conduct of the business and affairs of the bank, the infrastructure bank fund, and the guarantee trust fund.(Amended (as added by Stats. 1994, Ch. 94) by Stats. 1994, Ch. 749, Sec. 8. Effective January 1, 1995.)
CA Govt Code § 63022.5 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63022.5.

63022.5.  (a) The officers of the bank shall be subject to the Political Reform Act of 1974 (Title 9 (commencing with Section 81000)), the applicable rules and standards of the Municipal Securities Rulemaking Board, and all other applicable provisions of law.(b) The bank may purchase insurance for its fiduciaries or for itself to cover liability or losses occurring by reason of the act or omission of a fiduciary, if the insurance permits recourse by the insurer against the fiduciary in the case of a breach fiduciary obligation by the fiduciary.(Amended by Stats. 1995, Ch. 863, Sec. 11. Effective January 1, 1996.)
CA Govt Code § 63023 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63023.

63023.  In administering and directing the day-to-day operations of the bank in regard to this division, the executive director, or whoever he or she shall assign, may do any of the following if authorized by resolution of the board:(a) Enter into contracts for investment, guarantee, or enhancement.(b) Establish procedures, guidelines, criteria, terms, conditions, or other requirements of any contract, bond, grant, or program, as the case may be, in order to carry out the intents and purposes of the board in authorizing any bond, loan, or grant program pursuant to this division.(c) Decline to guarantee any risk, or to enter into any contract, in which the minimum requirements of the guarantee trust fund or the infrastructure bank fund are not complied with.(d) Reinsure any risk or any part of any risk.(e) Make rules for payments through the infrastructure bank fund and the settlement of claims against the guarantee trust fund and determine to whom and through whom the payments are to be made.(f) Enter into any contracts or obligations relating to the infrastructure bank fund and the guarantee trust fund.(g) Invest and reinvest the moneys belonging to the infrastructure bank fund and the guarantee trust fund as provided by this division.(h) Enter into any contract or agreement, execute any instrument, conduct all business and affairs, and perform all acts relating to the infrastructure bank fund and the guarantee trust fund whether or not specifically designated in this division.(Amended by Stats. 1995, Ch. 863, Sec. 12. Effective January 1, 1996.)
CA Govt Code § 63023.1 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63023.1.

63023.1.  The board may delegate to the executive director, or whomever he or she shall assign, the authority to execute a contract or agreement, execute an instrument, conduct all business and affairs, and perform all acts relating to the infrastructure bank fund and the guarantee trust fund.(Added by Stats. 1994, Ch. 749, Sec. 9.5. Effective January 1, 1995.)
CA Govt Code § 63024 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63024.

63024.  The executive director may contract for technical services with the Department of Finance, the State Department of Health Care Services, the State Department of Public Health, the Department of Transportation, the Department of Water Resources, the Department of Resources Recycling and Recovery, the State Water Resources Control Board, the Governor’s Office of Planning and Research, and any other necessary agencies, persons, or firms to enable the bank to properly perform the duties imposed by this division.(Amended by Stats. 2011, Ch. 518, Sec. 1. (AB 1292) Effective January 1, 2012.)
CA Govt Code § 63024.5 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63024.5.

63024.5.  Where a state agency is authorized under state law to request that the bank issue bonds on its behalf, the agency may request, and the bank may issue, the bonds for the purpose authorized by state law and to fund any necessary reserves, capitalized interest, and costs of issuance associated with the bonds.(Added by Stats. 2011, Ch. 518, Sec. 2. (AB 1292) Effective January 1, 2012.)
CA Govt Code § 63025 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63025.

63025.  The bank board shall do the following:(a) Adopt bylaws for the regulation of its affairs and the conduct of its business.(b) Adopt an official seal.(Amended (as added by Stats. 1994, Ch. 94) by Stats. 1994, Ch. 749, Sec. 10. Effective January 1, 1995.)
CA Govt Code § 63025.2 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63025.2.

63025.2.  Nothing in Section 63025.1 shall be construed to extend or limit the authority of the bank that is otherwise provided in Section 19130.(Added by Stats. 1999, Ch. 84, Sec. 2. Effective July 12, 1999.)
CA Govt Code § 63026 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63026.

63026.  The fiscal powers granted to the bank by this part may be exercised without regard or reference to any other department, division, or agency of the state, except the Legislature. This division shall be deemed to provide an alternative method of doing the things authorized by this division, and shall be regarded as supplemental and additional to powers conferred by other laws.(Amended by Stats. 1998, Ch. 4, Sec. 7. Effective January 1, 1999.)
CA Govt Code § 63027 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63027.

63027.  (a) The bank may provide insurance or reinsurance of loans or portions thereof, or their debt service, including amounts payable as premiums of penalties in the event of mandatory or optional prepayment, made to finance a project, and to provide insurance or reinsurance or reserves, or portions thereof, or the yield therefrom, established to secure bonds issued to fund those loans or reserves.(b) The bank may enter into or arrange agreements for insurance or reinsurance with users, mortgagors, lending institutions, insurers, and others, the bank being authorized to reinsure or cede risks to the insurers in any amounts as the bank may determine and the insurers, if otherwise authorized to reinsure or insure those risks in California, being hereby authorized to reinsure the bank or cede risks to the bank to the same extent as if the bank were a company authorized to reinsure or insure those risks.(c) The bank may fix a rate or rates of premium for insurance or reinsurance, which need not be uniform, and may reflect any risks and classifications of risk as the bank determines to be reasonable.(d) The bank may exercise those other powers as are necessary or incidental to insurance, reinsurance, and related matters.(e) The bank shall make reasonable provisions for the security of loans made by the bank, and any insurance, reinsurance, and other financing arrangements negotiated by the bank.(f) The insurance or reinsurance provided for by the bank shall not constitute a debt or pledge of the faith and credit of the state or any subdivision of the state.(Added by Stats. 1998, Ch. 4, Sec. 8. Effective January 1, 1999.)
CA Govt Code § 63028 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 1 - Creation of the Bank|Section 63028.

63028.  The bank assumes and shall observe, keep, and perform all of the responsibilities, liabilities, and obligations of the former California Economic Development Financing Authority established under Part 10.2 (commencing with Section 15710) of Division 2 of Title 2, as it read prior to the effective date of this section, and the assumption of the responsibilities, liabilities, and obligations of the former California Economic Development Financing Authority shall occur without any execution or filing of any paper or any further act. Any reference in any law, contract, bond, indenture, or other document to the former California Economic Development Financing Authority shall be deemed, hereafter, to mean the bank.(Added by Stats. 1998, Ch. 4, Sec. 9. Effective January 1, 1999.)
CA Govt Code § 63030 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63030.

63030.  Bonds issued by the bank or a special purpose trust are legal investments for all trust funds, the funds of all insurance companies, banks, both commercial and savings, trust companies, executors, administrators, trustees, and other fiduciaries, for state school funds, pension funds, and for any funds that may be invested in county, school, or municipal bonds. These bonds are securities that may legally be deposited with, and received by, any state or municipal officer or agency or political subdivision of the state for any purpose for which the deposit of bonds or obligations of the state is now, or may hereafter be, authorized by law, including, deposits to secure public funds.(Amended by Stats. 1995, Ch. 863, Sec. 14. Effective January 1, 1996.)
CA Govt Code § 63031 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63031.

63031.  No liability shall be incurred by the bank beyond the extent to which funds have been provided under this division. However, for the purposes of meeting the necessary expenses of initial organization and operation until the date that the bank derives revenues or proceeds from bonds as provided under this division, the bank may borrow money as needed for the purposes of meeting the necessary expenses of initial organization and operation from the Pooled Money Investment Account, as specified in subdivision (w) of Section 63025.1 or from any special funds, including the special funds of existing financing authorities. The borrowed money shall be repaid with interest within a reasonable time after the bank receives revenues or proceeds from bonds as provided under this division.(Amended by Stats. 1995, Ch. 863, Sec. 15. Effective January 1, 1996.)
CA Govt Code § 63032 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63032.

63032.  (a) Neither the bank nor a special purpose trust authorized by the bank is required to pay any property taxes or assessments upon, or with respect to, any project or any property acquired by, or for, the bank under this division, or upon the income therefrom, so long as the bank, on behalf of the state, holds title to the project or to the property contained in the project.(b) The exemption of the bank or of a special purpose trust from taxation of any property shall cease when title to the property is transferred from the bank to any taxable person or entity. This section does not exempt any taxable person or entity from taxation, including, but not limited to, taxation upon a possessory interest, with respect to any project, or the property of facilities contained in any project that may otherwise be applicable to the person.(Amended by Stats. 1995, Ch. 863, Sec. 16. Effective January 1, 1996.)
CA Govt Code § 63033 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63033.

63033.  The state does hereby pledge to, and agrees with, the holders of any bonds issued under this division, and with those parties who may enter into contracts with the bank pursuant to this division, that the state will not limit or alter the rights hereby vested in the bank to finance any project and to fulfill the terms of any loan agreement, lease, or other contract with the agency pursuant to this division, or in any way impair the rights or remedies of the bondholders or of the parties until those bonds, together with interest thereon, are fully discharged or provision for this discharge has been made and those contracts are fully performed on the part of the bank. The bank, as agent for the state, may include this pledge and undertaking for the state in its obligations or contracts.(Added by Stats. 1994, Ch. 94, Sec. 1. Effective January 1, 1995. Conditionally operative as prescribed by Sec. 17 of Ch. 94.)
CA Govt Code § 63034 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63034.

63034.  The bank shall establish a reasonable schedule of administrative fees, which shall be paid by the sponsor or the participating party pursuant to Section 63074, to reimburse the state for the costs of administering this division.(Added by Stats. 1994, Ch. 94, Sec. 1. Effective January 1, 1995. Conditionally operative as prescribed by Sec. 17 of Ch. 94.)
CA Govt Code § 63035 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63035.

63035.  The bank shall, not later than November 1 of each year, submit to the Governor and the Legislature, pursuant to Section 9795, a report for the preceding fiscal year ending on June 30 containing information on the bank’s activities relating to the infrastructure bank fund and programs. The report shall include all of the following:(a) (1) Information on the infrastructure bank fund, including, but not limited to, its present balance, moneys encumbered, moneys allocated, repayments, and other sources of revenues received during the fiscal year.(2) Information on the impact of the activities funded by the infrastructure bank fund moneys, including, but not limited to, the number of jobs created and retained, the environmental impact that resulted, and economic value provided to the state.(b) A specification of conduit and revenue bonds sold and interest rates thereon, including, but not limited to, the use of the bond proceeds.(c) The amount of other public and private funds leveraged by the assistance provided.(d) A report of revenues and expenditures for the preceding fiscal year, including all of the bank’s costs. The information provided pursuant to this subdivision shall include, but need not be limited to, both of the following:(1) The amount and source of total bank revenues. Revenues shall be shown by main categories of revenues, including the General Fund, special funds, federal funds, interest earnings, fees collected, and bond proceeds, for each bank program.(2) The amount and type of total bank expenditures. Expenditures shall be shown by major categories of expenditures, including loans provided, debt service payments, and program support costs, for each bank program.(e) A projection of the bank’s needs and requirements for the coming year.(f) Recommendations for changes in state and federal law necessary to meet the objectives of this division.(g) The executive director shall post the report on the bank’s Internet Web site.(Amended by Stats. 2014, Ch. 132, Sec. 5. (AB 2749) Effective January 1, 2015.)
CA Govt Code § 63035.5 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63035.5.

63035.5.  The report required by Section 63035 shall be submitted to the Governor and the Joint Legislative Budget Committee on a quarterly basis during the 1999–2000 fiscal year and the 2000–01 fiscal year.(Added by Stats. 1999, Ch. 84, Sec. 3. Effective July 12, 1999.)
CA Govt Code § 63036 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 2 - General Provisions|Section 63036.

63036.  It is the intent of the Legislature that the activities of the bank be fully coordinated with any future legislative plan involving growth management strategies designed to protect California’s land resource, and ensure its preservation and use it in ways which are economically and socially desirable. Further, all public works financed pursuant to this division, including those projects financed through the use of industrial development bonds under Title 10 (commencing with Section 91500), shall comply with Chapter 1 (commencing with Section 1720) of Part 7 of Division 2 of the Labor Code.(Amended by Stats. 2001, Ch. 938, Sec. 1. Effective January 1, 2002.)
CA Govt Code § 63040 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 3 - Local Resolution Applying for Bank Financing|Section 63040.

63040.  (a) Following consultation with appropriate state and local agencies, the bank shall establish criteria, priorities, and guidelines for the selection of projects to receive assistance from the bank. Projects shall comply with the criteria, priorities, and guidelines adopted by the bank.(b) The criteria, priorities, and guidelines shall, at a minimum, be based upon the following:(1) The State Environmental Goals and Policy Report, or its successor, approved pursuant to Article 5 (commencing with Section 65041) of Chapter 1.5 of Division 1 of Title 7. If the State Environmental Goals and Policy Report, or its successor, has not been adopted within two years of a statutorily required update, compliance with this paragraph is not required until the report is updated.(2) If the sponsor is a state agency, board, commission, or department, the Capital and Infrastructure Project Planning Report, prepared by the Director of Finance pursuant to Article 2 (commencing with Section 13100) of Chapter 2 of Part 3 of Division 3 of Title 2.(c) When the bank establishes or makes changes to the criteria, priorities, and guidelines, the bank shall notify the Governor, the fiscal and policy committees of the Legislature that exercise legislative oversight of the bank, and appropriate state and local agencies.(d) The resolution required in Section 63041 shall have been adopted prior to the project’s selection by the bank.(Amended by Stats. 2014, Ch. 132, Sec. 6. (AB 2749) Effective January 1, 2015.)
CA Govt Code § 63041 (2021)
2021 California Code|Government Code - GOV|TITLE 6.7 - INFRASTRUCTURE FINANCE|DIVISION 1 - THE BERGESON-PEACE INFRASTRUCTURE AND ECONOMIC DEVELOPMENT BANK ACT|CHAPTER 2 - California Infrastructure and Economic Development Bank|ARTICLE 3 - Local Resolution Applying for Bank Financing|Section 63041.

63041.  (a) Prior to submitting a project to the bank for consideration, the legislative body or bodies of the sponsor or sponsors of the project shall find, by resolution, each of the following:(1) The project is consistent with the general plan of both the city and county, or city and county in the case of San Francisco, or only the county for projects in unincorporated areas in which the project is located.(2) The proposed financing is appropriate for the specific project.(3) The project facilitates effective and efficient use of existing and future public resources so as to promote both economic development and conservation of natural resources. The project develops and enhances public infrastructure in a manner that will attract, create, and sustain long-term employment opportunities.(4) The project is consistent with the criteria, priorities, and guidelines for the selection of projects adopted pursuant to Section 63040.(b) Upon the adoption of the resolution in subdivision (a) by the legislative body, the legislative body shall transmit the resolution to the executive director of the infrastructure bank.(Amended by Stats. 1999, Ch. 84, Sec. 4. Effective July 12, 1999.)