Cal. Mil. & Vet. Code § 998.607

Current through the 2024 Legislative Session.
Section 998.607 - Loans 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 article. The amount of the request shall not exceed the amount of unsold bonds which the committee has, by resolution, authorized to be sold for the purpose of carrying out this article. The board shall execute whatever documents 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 article.

Ca. Mil. and Vet. Code § 998.607

Added by Stats 2017 ch 365 (SB 3),s 4, eff. 11/7/2018 (approved by the voters at the 11/6/2018 election).