TITLE 3. POSTSECONDARY EDUCATION 66000-101060›DIVISION 5. GENERAL PROVISIONS 66000-70115.2›PART 40. DONAHOE HIGHER EDUCATION ACT 66000-67400›CHAPTER 14.4. Higher Education Facilities Bond Act of June 1990 67345-67347.9›ARTICLE 3. Fiscal Provisions 67347-67347.9

§ 67347.5

California Education Code · 2020-11 edition · updated 2026-10-04 · California

For the purposes of carrying out this chapter, the Director of Finance may, by executive order, authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds which have been authorized by the committee to be sold for the purpose of carrying out this chapter. Any amounts withdrawn shall be deposited in the fund. Any money made available under this section shall be returned to the General Fund, together with interest at the rate paid on moneys in the Pooled Money Investment Account, from money received from the sale of bonds for the purpose of carrying out this chapter.

(Added by Stats. 1990, Ch. 6, Sec. 1. Approved in Proposition 121 at the June 5, 1990, election.)

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California Education Code

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