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·Code WIC Welfare 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

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bonds authorized pursuant to Section 5965.14, less any amount loaned pursuant to this section and not yet repaid and withdrawn from the General Fund pursuant to Section 5965.11 and not yet returned to the General Fund.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bonds authorized pursuant to Section 5965.14, less any amount loaned pursuant to this section and not yet repaid and withdrawn from the General Fund pursuant to Section 5965.11 and not yet returned to the General Fund.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

California § 5965.12. (5965.12. (Added by Stats. 2023, Ch. 789, Sec. 4.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.