Statute · California Public Resources Code

Cal. Pub. Res. Code § 95009 — Fiscal Provisions

Cal. Pub. Res. Code § 95009

Type
Statute
Source
California Public Resources Code
Jurisdiction
California
Current through
Nov 2, 2026 (California Legislative Counsel)

For purposes of carrying out this division, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds that have been authorized by the committee to be sold for the purpose of carrying out this division,…

Citator

Cal. Pub. Res. Code § 95009 — Fiscal Provisions is in force in the current edition of the Code, and nothing recorded condemns it.

For purposes of carrying out this division, the Director of Finance may authorize the withdrawal from the General Fund of an amount or amounts not to exceed the amount of the unsold bonds that have been authorized by the committee to be sold for the purpose of carrying out this division, excluding refunding bonds authorized pursuant to Section 95012, less any amount loaned pursuant to Section 95007 and not yet repaid and any amount withdrawn from the General Fund pursuant to this section and not yet returned to the General Fund. Any amounts withdrawn shall be deposited in the fund to be allocated in accordance with this division. Any moneys made available under this section shall be returned to the General Fund, with interest at the rate earned by the moneys in the Pooled Money Investment Account, from proceeds received from the sale of bonds for the purpose of carrying out this division.