Cal. Health & Saf. Code § 1179.98

Current through the 2024 Legislative Session.

Section 1179.98 - Loans from Pooled Money Investment Account

The authority may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, including other authorized forms of interim financing that include, but are not limited to, commercial paper, in accordance with Section 16312 of the Government Code, for purposes of carrying out this part. The amount of the request shall not exceed the amount of the unsold bonds that the committee, by resolution, has authorized to be sold for the purpose of carrying out this part. The authority shall execute any documents 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 § 1179.98

Added by Propostion 4, approved by the voters at the 11/6/2018 election, effective on the 5th day after the Secretary of State files the final Statement of Vote..