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Gov. Code, § 15819.1 · Chapter 3.1. Lease-Purchase Financing of Prison Construction

Gov. Code, § 15819.1

Verbatim from the official edition

Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)

As used in this chapter:

(a) “Bonds” means revenue bonds, notes, including commercial paper notes or other forms of negotiable short-term indebtedness, or bond anticipation notes issued to finance prison facilities, interest during construction of prison facilities, reserve funds, and costs of issuance of the bonds, as the board may determine.

(b) “Lease pledge” means the pledge of the board of moneys for payment under the prison facilities lease.

(c) “Lease-purchase financing” means the financing of prison facilities from the proceeds of the sale of bonds authorized by the board.

(d) “Lessor” means the lessor under any prison facilities lease and any trustee on behalf of the lessor.

(e) “Prison facilities lease” means any lease of a prison facility entered into by the Director of Corrections with the board pursuant to this chapter.

(f) “Prison facility” means real property, fixtures, furnishings, equipment, and related improvements for the following facilities:

(1) State prison—Amador County.

(2) Southern Maximum Security Complex.

(3) California State Prison—Corcoran (as authorized by Section 6 of Chapter 931 of the Statutes of 1985).

Notes and commentary — not statutory text

History

Amended by Stats. 1996, Ch. 23, Sec. 4. Effective April 8, 1996.

Source of truth

Edition
As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
Official file
https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV&sectionNum=15819.1.
Text hash
sha256 5b811ed03f0bf8bfc6ff73de89d321c534593be65662aa35d1f039c8396f3469
Composed by
compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section

Cited by 12 provisions

Provisions in this library whose text cites Gov. Code, § 15819.1. Each shows the citation as that text prints it.

Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.