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California Statutes § 19260 Loan from Pooled Money Investment Account

⤴ Up to Article 5: Voting Modernization Bond Act Of 2002 (Shelley-Hertzberg Act)

Statute Text

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 purpose 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.

History

Renumbered from Ca. Elec. Code §19239 by Stats 2013 ch 602 ( SB 360 ) , s 58 , eff. 1/1/2014 .

Amended by Stats 2001 ch 902 ( AB 56 ) , s 1 , eff. upon the approval by the people of the Voting Modernization Bond Act of 2002 (Shelley-Hertzberg Act) .

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