Section 53208 Of Chapter 3. Fiscal Provisions From California Health And Safety Code >> Division 31. >> Part 10. >> Chapter 3.
53208
. 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 purposes of
carrying out the provisions of this chapter. The amount of the
request shall not exceed the amount of unsold bonds which the
committee has by resolution authorized to be sold for the purpose of
carrying out this chapter. The board shall execute such documents as
are required by the Pooled Money Investment Board to obtain and repay
the loan. Any amounts loaned shall be deposited in the fund to be
allocated by the board in accordance with this chapter.