Cal. Health & Saf. Code § 125291.65

Current through the 2024 Legislative Session.
Section 125291.65 - Loan from Pooled Money Investments Account

The institute 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 article, excluding any refunding bonds authorized pursuant to Section 125291.75, less any amount loaned pursuant to this section and not yet repaid, and any amount withdrawn from the General Fund pursuant to Section 125291.60 and not yet returned to the General Fund. 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 article. The institute 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 institute in accordance with this article.

Ca. Health and Saf. Code § 125291.65

Amended November 3, 2020, by initiative Proposition 14, Sec. 21, eff. 12/16/2020.
Amended by Proposition 71, Sec. 5, enacted by the people of the State of California 11/2/2004, eff. 11/3/2004.