Cal. Ed. Code § 67359.2

Current through the 2024 Legislative Session.

Section 67359.2 - Request for loan from Pooled Money Investment Account

The board may request the Pooled Money Investment Board for a loan from the Pooled Money Investment Account, in accordance with Section 16312 of the Government Code, and may execute those documents required by the Pooled Money Investment Board to obtain and repay the loan. The loan shall be deposited in the fund for the purpose of carrying out the provisions of this chapter. The amount of the loan shall not exceed the amount of the unsold bonds that the committee, by resolution, has authorized to be sold for the purposes of this chapter.

Ca. Educ. Code § 67359.2

Added by Stats. 1992, Ch. 13, Sec. 1. Approved in Proposition 153 at the June 2, 1992, election.