DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS 2004.5-2704.78›CHAPTER 20. Safe, Reliable High-Speed Passenger Train Bond Act for the 21st Century 2704-2704.21›ARTICLE 3. Fiscal Provisions 2704.10-2704.21

§ 2704.16

California Streets and Highways Code · 2018-11 edition · updated 2026-10-04 · California

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 purposes of 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 this chapter, less any amount borrowed pursuant to Section 2701.17. The board shall execute such documents as required by the Pooled Money Investment Board to obtain and repay the loan. Any amount loaned shall be deposited in the fund to be allocated by the board in accordance with this chapter.

(Added by Stats. 2008, Ch. 267, Sec. 9. Approved in Proposition 1A at the November 4, 2008, election.)

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California Streets and Highways Code

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