Section 1003.15 Of Article 4. Appropriation, Security, Sale, And Funds From California Military And Veterans Code >> Division 4. >> Chapter 7. >> Article 4.
1003.15
. In the event the State Treasurer shall determine to sell
the debentures, all costs and expenses of publication of notice of
sale shall be a charge against the department and shall be paid by
the department. The department shall likewise pay the cost of
printing, lithographing or otherwise preparing the debentures, the
charges of any duly authorized agent of the State Treasurer appointed
for the payment of principal and interest of the debentures in any
place other than the office of the State Treasurer, any expenses
incurred in connection with delivery of the debentures, including the
fees and expenses of municipal bond attorneys whose opinion on the
validity of the debentures is to be provided by the department
without charge to the successful purchaser of the debentures. The
department is authorized to employ any nationally known municipal
bond attorney or attorneys and the Attorney General for the purpose
of rendering legal opinions as to the validity of the debentures to
be furnished to the purchaser of the debentures without cost. The
department is also authorized to employ or appoint such independent
financial consultants, attorneys, certified public accountants,
public accountants, engineers or other independent consultants whose
services or opinions are necessary or advisable in connection with
the issuance and sale of revenue debentures. Payment for such
services shall be made from the proceeds of the sale of the
debentures or from any other funds available to the department on
Controller's warrant duly drawn for that purpose. Such expenses may
also include the cost of delivering debentures at any place other
than the office of the State Treasurer, including transportation and
insurance costs.