Section 19976 Of Article 3. Fiscal Provisions From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 11. >> Article 3.
19976
. For the purposes of carrying out this chapter, 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 which
have been authorized to be sold for the purpose of carrying out this
chapter. Any amounts withdrawn shall be deposited in the fund. Any
money made available under this section shall be returned to the
General Fund, with interest at the rate earned by the money in the
Pooled Money Investment Account during the time the money was
withdrawn from the General Fund pursuant to this section from money
received from the sale of bonds for the purpose of carrying out this
chapter.