California § 14316. 14316. (Amended by Stats. 2002, Ch. 953, Sec. 10.)

California Statutes

§ 14316. — 14316. (Amended by Stats. 2002, Ch. 953, Sec. 10.)

California § 14316.

Code PRCPublic Resources Code - PRC

Div. 12.DIVISION 12. CALIFORNIA CONSERVATION CORPS

Ch. 3.CHAPTER 3. Program

This text of California § 14316. (14316. (Amended by Stats. 2002, Ch. 953, Sec. 10.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Cal. Public Resources Code - PRC Code § 14316. (2026).

Text

The Department of Finance may make a loan from the General Fund to the Collins-Dugan California Conservation Corps Reimbursement Account, in an amount not to exceed a cumulative total of one million five hundred thousand dollars ($1,500,000) to meet cashflow needs due to delays in collecting reimbursements.  Any loan made by the Department of Finance pursuant to this section shall only be made if the corps has a valid contract or certification signed by a client agency that demonstrates that sufficient funds will be available to repay the loan.  All money so transferred shall be repaid to the General Fund as soon as possible, but not later than one year from the date of the loan, with interest at the average rate earned by the Surplus Money Investment Fund.

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The Department of Finance may make a loan from the General Fund to the Collins-Dugan California Conservation Corps Reimbursement Account, in an amount not to exceed a cumulative total of one million five hundred thousand dollars ($1,500,000) to meet cashflow needs due to delays in collecting reimbursements. Any loan made by the Department of Finance pursuant to this section shall only be made if the corps has a valid contract or certification signed by a client agency that demonstrates that sufficient funds will be available to repay the loan. All money so transferred shall be repaid to the General Fund as soon as possible, but not later than one year from the date of the loan, with interest at the average rate earned by the Surplus Money Investment Fund.

Legislative History

Amended by Stats. 2002, Ch. 953, Sec. 10. Effective January 1, 2003.

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California § 14316., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PRC/14316..