California Government Code 15819.402 – For all projects authorized by this chapter, the board may borrow …
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For all projects authorized by this chapter, the board may borrow funds for project costs, including studies, design, construction, and construction-related costs from the Pooled Money Investment Account pursuant to Sections 16312 and 16313. Except for preliminary expenditures to develop the scope, budget, programming, and scheduling for a project, project funds expended prior to project approval by the board shall not be reimbursable from the proceeds of the bonds.
(Amended by Stats. 2012, Ch. 42, Sec. 3. (SB 1022) Effective June 27, 2012.)
Terms Used In California Government Code 15819.402
- Board: means the State Public Works Board. See California Government Code 15802
- Construction: includes the extension, enlargement, repair, renovation, restoration, improvement, furnishing, and equipping of any public building. See California Government Code 15802