California Education Code 19977 – The board may request the Pooled Money Investment Board to make a …
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The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with § 16312 of the Government Code, for the purposes of carrying out this chapter. The amount of the request shall not exceed the amount of the unsold bonds which the committee has by resolution authorized to be sold for the purpose of carrying out this chapter. The board 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.
(Added by Stats. 1988, Ch. 49, Sec. 1. Approved in Proposition 85 at the November 8, 1988, election.)
Terms Used In California Education Code 19977
- Board: means the California Library Construction and Renovation Board. See California Education Code 19952
- Committee: means the California Library Construction and Renovation Finance Committee created pursuant to Section 19972. See California Education Code 19952
- Fund: means the California Library Construction and Restoration Fund created pursuant to Section 19955. See California Education Code 19952