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Amounts authorized in addition to cost of construction   

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(a) In addition to the cost of construction, the State Public Works Board may authorize any additional amounts necessary to pay the costs of financing, including interest during construction of the project, a reasonably required reserve fund, and the cost of issuance of permanent financing.

(b) The State Public Works Board may authorize the cost of working drawings and construction relating to the projects listed in this act.

(c) The State Public Works Board may authorize the augmentation of the amounts authorized by Section 67359.7 subject to the limitations specified in Section 13332.11 of the Government Code.

(d) Notwithstanding Section 13340 of the Government Code, funds derived from the interim and permanent financing or refinancing of the projects authorized in Section 67359.7 are hereby continuously appropriated for those purposes.

(Added by Stats. 1992, Ch. 13, Sec. 2.)

Reference:

Education Code 67359.7

Government Code 13332.11

Government Code 13340