Section 41366.5 Of Article 4. Loans And Advances From California Education Code >> Division 3. >> Title 2. >> Part 24. >> Chapter 3. >> Article 4.
41366.5
. (a) Moneys in the Charter School Revolving Loan Fund shall
be loaned at the interest rate earned by the money in the Pooled
Money Investment Account as of the date of disbursement of the funds
to the charter school.
(b) A charter school shall pay the interest on any loan from the
fund in regular installments withdrawn from the annual apportionment
the charter school receives.
(c) All interest payments shall be paid into the Charter School
Security Fund established pursuant to Section 41367.