Section 16951 Of Article 2. Issuance Of Bonds To Finance The Program From California Government Code >> Division 4. >> Title 2. >> Part 3. >> Chapter 8. >> Article 2.
16951
. When proceeds of bonds issued pursuant to this chapter are
used to pay the state's pension obligations to the retirement system
for members whose compensation is paid from the General Fund, the
Controller shall, notwithstanding any other provision of law, abate
quarterly to the General Fund an amount equal to the quarterly
pension obligations paid from bond proceeds with respect to those
members, as certified by the Director of Finance and authorized in
any General Fund appropriation item or in any category thereof.