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TITLE 2. ELEMENTARY AND SECONDARY EDUCATION 33000-64100›DIVISION 3. LOCAL ADMINISTRATION 35000-45460›PART 24. SCHOOL FINANCE 41000-43052›CHAPTER 3. State School Fund 41300-41455›ARTICLE 4. Loans and Advances 41360-41367

§ 41366.5

California Education Code · 2018-11 edition · updated 2026-10-04 · California

(a) Moneys in the Charter School Revolving Loan Fund shall be loaned at the interest rate earned by the money in the Pooled Money Investment Account as of the date of disbursement of the funds to the charter school.

(b) A charter school shall pay the interest on any loan from the fund in regular installments withdrawn from the annual apportionment the charter school receives.

(c) All interest payments shall be paid into the Charter School Security Fund established pursuant to Section 41367.

(Added by Stats. 2000, Ch. 586, Sec. 2. Effective January 1, 2001.)

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California Education Code

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