California § 5965.12. 5965.12. (Added by Stats. 2023, Ch. 789, Sec. 4.)

California Statutes

§ 5965.12. — 5965.12. (Added by Stats. 2023, Ch. 789, Sec. 4.)

California § 5965.12.

JurisdictionCalifornia

Code WICWelfare and Institutions Code - WIC

Div. 5.DIVISION 5. COMMUNITY MENTAL HEALTH SERVICES

Part 7.PART 7. Behavioral Health Services and Supports

Ch. 4.CHAPTER 4. Behavioral Health Infrastructure Bond Act of 2024

This text of California § 5965.12. (5965.12. (Added by Stats. 2023, Ch. 789, Sec. 4.)) 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. Welfare and Institutions Code - WIC Code § 5965.12. (2026).

Text

(a)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 purpose of carrying out this chapter.

(b)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, excluding refunding bonds authorized pursuant to Section 5965.14, less any amount loaned pursuant to this section and not yet repaid and withdrawn from the General Fund pursuant to Section 5965.11 and not yet returned to the General Fund.

(c)The board shall execute documents required by the Pooled Money Investment Board to obtain and repay the loan.

(d)Any amounts loaned shall be deposited

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(a)
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 purpose of carrying out this chapter.
(b)
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, excluding refunding bonds authorized pursuant to Section 5965.14, less any amount loaned pursuant to this section and not yet repaid and withdrawn from the General Fund pursuant to Section 5965.11 and not yet returned to the General Fund.
(c)
The board shall execute documents required by the Pooled Money Investment Board to obtain and repay the loan.
(d)
Any amounts loaned shall be deposited in the fund to be allocated by the board in accordance with this chapter.