Section 79216 Of Chapter 10. Fiscal Provisions From California Water Code >> Division 26. >> Chapter 10.
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. For the purposes of carrying out this division, the Director
of Finance may authorize the withdrawal from the General Fund of an
amount not to exceed the amount of the unsold bonds that have been
authorized by the committee to be sold for the purpose of carrying
out this division. Any amount withdrawn shall be deposited in the
fund. Any money made available under this section shall be returned
to the General Fund, plus an amount equal to the interest that the
money would have earned in the Pooled Money Investment Account, from
proceeds received from the sale of bonds for the purpose of carrying
out this division.