Cal. Health & Saf. Code § 53530

Current through the 2024 Legislative Session.
Section 53530 - Loan from Pooled Money Investment Account

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

Ca. Health and Saf. Code § 53530

Added by Stats 2002 ch 26 (SB 1227), s 8, eff. 4/22/2002, op. 11/5/2002.