Cal. Pub. Resources Code § 5096.675

Current through the 2024 Legislative Session.

Section 5096.675 - Loan from Pooled money Investment Account

The secretary 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 chapter. 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 chapter. The secretary 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 chapter.

Ca. Pub. Res. Code § 5096.675

Amended by Stats 2001 ch 875 (AB 1602), s 1, eff. see sec. 2 of bill.

40 (2002).

See Stats 2001 ch 875 (AB 1602), s 2.

Stats 2001 ch 875 (AB 1602), s 2states, "Section 1 of this act shall take effect upon adoption by the voters of the California Clean Water, Clean Air, Safe Neighborhood Parks, and Coastal Protection Act of 2002, as set forth in Section 1 of this act."