§ 20007. — 20007. (Added by Stats. 1999, Ch. 726, Sec. 1.)

California § 20007.

• Jurisdiction: California
• Code EDC: Education Code - EDC
• Div.: 1.
• Title 1.: DIVISION 1. GENERAL EDUCATION CODE PROVISIONS
• Part 11.: PART 11. LIBRARIES
• Ch. 12.: CHAPTER 12. California Reading and Literacy Improvement and Public Library Construction and Renovation Bond Act of 2000
• Art. 3.: ARTICLE 3. Fiscal Provisions

Text

The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, in accordance with Section 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 that 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.

Legislative History

Added by Stats. 1999, Ch. 726, Sec. 1. Approved in Proposition 14 at the March 7, 2000, election.