California § 79586. 79586. (Added November 5, 2002, by initiative Proposition 50.)

California Statutes

§ 79586. — 79586. (Added November 5, 2002, by initiative Proposition 50.)

California·Code WAT Water Code - WAT·Div. 26.5. DIVISION 26.5. WATER SECURITY, CLEAN DRINKING WATER, COASTAL AND BEACH PROTECTION ACT OF 2002·Ch. 11. CHAPTER 11. Fiscal Provisions

For the purposes of carrying out this division, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds that have been authorized to be sold for the purpose of carrying out this division.  Any amounts withdrawn shall be deposited in the fund.  Any money made available under this section shall be returned to the General Fund, plus the interest that the amounts would have earned in the Pooled Money Investment Account, from money received from the sale of bonds that would otherwise be deposited in that fund.

Free access — add to your briefcase to read the full text and ask questions with AI

For the purposes of carrying out this division, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds that have been authorized to be sold for the purpose of carrying out this division. Any amounts withdrawn shall be deposited in the fund. Any money made available under this section shall be returned to the General Fund, plus the interest that the amounts would have earned in the Pooled Money Investment Account, from money received from the sale of bonds that would otherwise be deposited in that fund.

California § 79586. (79586. (Added November 5, 2002, by initiative Proposition 50.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Added November 5, 2002, by initiative Proposition 50.

View on official source ↗