Section 63067 Of Chapter 4. California Infrastructure Guarantee Trust Fund From California Government Code >> Division 1. >> Title 6.7. >> Chapter 4.
63067
. (a) Moneys in the infrastructure bank fund received from the
proceeds of bonds issued pursuant to this division may not be
transferred to any other fund except as necessary to pay the expenses
of operating the program authorized by this division, nor shall the
bank utilize any moneys under the direction and control of the
agency, including, but not limited to, moneys in the California
Housing Loan Insurance Fund and the Housing Finance Fund, other than
moneys in the infrastructure bank fund to satisfy liabilities arising
from projects authorized by this division.
(b) The infrastructure bank fund, on behalf of the bank or a
special purpose trust, may borrow or receive moneys from any federal,
state, or local agency or private entity, in order to create
reserves in the infrastructure bank fund as provided in this division
and as authorized by resolution of the board.