Earlier editions: 2020-112018-11
DIVISION 5. COMMUNITY MENTAL HEALTH SERVICES 5000-5987›PART 7. Behavioral Health Services and Supports 5960-5967.01›CHAPTER 4. Behavioral Health Infrastructure Bond Act of 2024 5965-5967.01
§ 5965.12
California Welfare and Institutions Code · 2026 edition · updated 2026-10-04 · California
(a) 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 the purpose of carrying out this chapter.
(b) The amount of the request shall not exceed the amount of the unsold bonds that the committee has, by resolution, authorized to be sold for the purpose of carrying out this chapter, excluding refunding bonds authorized pursuant to Section 5965.14, less any amount loaned pursuant to this section and not yet repaid and withdrawn from the General Fund pursuant to Section 5965.11 and not yet returned to the General Fund.
(c) The board shall execute documents required by the Pooled Money Investment Board to obtain and repay the loan.
(d) Any amounts loaned shall be deposited in the fund to be allocated by the board in accordance with this chapter.
(Added by Stats. 2023, Ch. 789, Sec. 4. (AB 531) Effective March 6, 2024.)
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