California Statutes
§ 101426. — 101426. (Added by Stats. 2024, Ch. 81, Sec. 28.)
California·Code EDC Education Code - EDC·Div. 14.·Title 3. DIVISION 14. MISCELLANEOUS·Part 72. PART 72. The Kindergarten Through Grade 12 Schools and Local Community College Public Education Facilities Modernization, Repair, and Safety Bond Act of 2024·Ch. 2. CHAPTER 2. Kindergarten through Grade 12·Art. 2. ARTICLE 2. Kindergarten Through Grade 12 School Facilities Fiscal Provisions
The State Allocation Board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account or any other approved form of interim financing, in accordance with Section 16312 of the Government Code, for the purpose of carrying out this chapter. The amount of the request shall not exceed the amount of the unsold bonds that the State School Building Finance Committee, by resolution, has authorized to be sold for the purpose of
carrying out this chapter excluding any refunding bonds authorized pursuant to Section 101430, less any amount loaned and not yet repaid pursuant to this section and withdrawn from the General Fund pursuant to Section 101428 and not yet returned. The State Allocation Board shall execute any documents required by the Pooled Money
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California § 101426. (101426. (Added by Stats. 2024, Ch. 81, Sec. 28.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Added by Stats. 2024, Ch. 81, Sec. 28. (AB 247) Approved in Proposition 2 at the November 5, 2024, election. Effective November 6, 2024.