Cal. Mil. & Vet. Code § 998.554

Current through the 2024 Legislative Session.
Section 998.554 - Loan from Pooled Money Investment Account

The board may request the Pooled Money Investment Board to make a loan from the Pooled Money Investment Account, including other authorized forms of interim financing that include, but are not limited to, commercial paper, in accordance with Section 16312 of the Government Code, for purposes of carrying out this article. The amount of the request shall not exceed the amount of the unsold bonds that the committee, by resolution, has authorized to be sold for the purpose of carrying out this article. The board shall execute any documents 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 article.

Ca. Mil. and Vet. Code § 998.554

Added by Stats 2013 ch 727 (AB 639),s 1, eff. upon the approval by the voters of the Veterans Housing and Homeless Prevention Bond Act of 2014 The voters approved this measure on 6/3/2014.