California Health and Safety Code 53530 – 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 part. The amount of the request shall not exceed the amount of unsold bonds that the committee has by resolution authorized to be sold for the purpose of carrying out this part. The board shall execute any documents that 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 part.
(Added by Stats. 2002, Ch. 26, Sec. 8. Approved in Proposition 46 at the November 5, 2002, election.)
Terms Used In California Health and Safety Code 53530
- Committee: means the Housing Finance Committee created pursuant to Section 53524. See California Health and Safety Code 53501
- Fund: means the Housing and Emergency Shelter Trust Fund created pursuant to Section 53520. See California Health and Safety Code 53501