Section 99003 Of Chapter 1. General Provisions From California Government Code >> Title 17. >> Chapter 1.
99003
. Unless the context requires otherwise, the following
definitions shall govern the construction of this title:
(a) "Accumulated budget deficit" means the estimated negative
balance, excluding any projected deficit financing proceeds, of the
Special Fund for Economic Uncertainties as of June 30, 2003, as
certified by the Director of Finance prior to the issuance of any
bonds pursuant to this title.
(b) "Ancillary obligation" means the obligation of the authority
under any of the following, entered into by the authority in
connection with any bonds issued under this title:
(1) A credit enhancement or liquidity agreement, including any
credit enhancement or liquidity agreement in the form of bond
insurance, letter of credit, standby bond purchase agreement,
reimbursement agreement, liquidity facility, or other similar
arrangement.
(2) A remarketing agreement.
(3) An auction agent agreement.
(4) A broker-dealer agreement or other agreement relating to the
marketing of the bonds.
(5) An interest rate or other type of swap or hedging contract.
(6) An investment agreement, forward purchase agreement, or
similar structured investment contract.
(c) "Authority" means the California Fiscal Recovery Financing
Authority created by Section 99004.
(d) "Available revenues" means the special sales tax revenues
appropriated pursuant to this title by the Legislature to pay
principal, interest, premium, if any, replenishment of reserves, and
any related costs on the bonds issued pursuant to this title or to
pay amounts relating to any ancillary obligations, together with any
reserves or other amounts that have been deposited with the trustee
to pay the bonds or to pay ancillary obligations and any investment
earnings on any of those funds. Notwithstanding any other provision
of law, the Legislature shall not be obligated to appropriate or
otherwise make available any other funds to pay the bonds or to pay
ancillary obligations.
(e) "Board" means the State Board of Equalization.
(f) "Bonds" means any bonds, notes, bond anticipation notes,
interim certificates, debentures, or similar instruments issued by
the authority pursuant to this title.
(g) "Fiscal Recovery Fund" means the special fund created by
Section 99008.
(h) "Indenture" means any resolution, trust agreement, indenture,
certificate, or other instrument authorizing the issuance of bonds by
the authority pursuant to this title, and providing for their
security and repayment.
(i) "Special sales tax revenues" means the proceeds of that
portion of the sales and use tax temporarily imposed by the state
pursuant to Section 6051.5 or 6201.5 of the Revenue and Taxation
Code.
(j) "Trustee" means the Treasurer or a bank or trust company
within or without the state acting as trustee for any issue of bonds
under this title and, if there is more than one issue of bonds, shall
refer to the trustee for each issue of bonds respectively. In the
event there are cotrustees for an issue of bonds, "trustee" shall
refer to those cotrustees collectively.