Section 12879.16 Of Article 3. Fiscal Provisions From California Water Code >> Division 6. >> Part 6. >> Chapter 4.7. >> Article 3.
12879.16
. 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 this chapter. The amount of the request
shall not exceed the amount of the 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.