California Elections Code 19259 – For purposes of this article, the Director of Finance may, by …
For purposes of this article, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of a sum of money not to exceed the amount of the unsold bonds that have been authorized by the committee to be sold pursuant to this article. Any sums withdrawn shall be deposited in the fund. All moneys made available under this section to the board shall be returned by the board to the General Fund, plus the interest that the amounts would have earned in the Pooled Money Investment Account, from the sale of bonds for the purpose of carrying out this article.
(Added by renumbering Section 19238 by Stats. 2013, Ch. 602, Sec. 57. (SB 360) Effective January 1, 2014. Note: This section (as originally numbered) was added by Stats. 2001, Ch. 902, and approved in Prop. 41 on March 5, 2002.)
Terms Used In California Elections Code 19259
- Board: means the Voting Modernization Board, established pursuant to Section 19256. See California Elections Code 19252
- Committee: means the Voting Modernization Finance Committee, established pursuant to Section 19253. See California Elections Code 19252
- Fund: means the Voting Modernization Fund, created pursuant to subdivision (b) of Section 19254. See California Elections Code 19252
