Section 7304 Of Chapter 14. New Prison Construction Bond Act Of 1986 From California Penal Code >> Title 7. >> Part 3. >> Chapter 14.

. The committee is hereby authorized and empowered to create a debt or debts, liability or liabilities, of the State of California, in the aggregate of five hundred million dollars ($500,000,000), in the manner provided in this chapter. That debt or debts, liability or liabilities, shall be created for the purpose of providing the fund to be used for the object and work specified in Section 7306.