Cal. Health & Saf. Code § 54022

Current through the 2024 Legislative Session.
Section 54022 - 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 purposes of this part. The amount of the request shall not exceed the amount of the unsold bonds that the committee has, by resolution, authorized to be sold, excluding any refunding bonds authorized pursuant to Section 54026, for purposes of this part, less any amount loaned pursuant to this section and not yet repaid and any amount withdrawn from the General Fund pursuant to Section 54024 and not yet returned to the General Fund. The board shall execute any documents as required by the Pooled Money Investment Board to obtain and repay the loan. Any amount loaned shall be deposited in the fund to be allocated in accordance with this part.

Ca. Health and Saf. Code § 54022

Added by Stats 2017 ch 365 (SB 3),s 3, eff. 11/7/2018 (approved by the voters at the 11/6/2018 election).