Gov. Code, § 16312 · Chapter 1. General
Gov. Code, § 16312
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) Notwithstanding and in addition to any other provision of law permitting withdrawal of moneys from the General Fund for deposit into a special fund for the purpose of carrying out a program or project with repayment to the General Fund to come from the proceeds of the later sale of state bonds or notes, the Pooled Money Investment Board may instead make a loan from the Pooled Money Investment Account directly to any such special fund, on such terms and conditions as the board may determine, upon request made to the board by an appropriate official. Any official authorized by law to seek, authorize, or approve a withdrawal of moneys from the General Fund for these purposes may in the alternative request a loan from the board as provided in this section and execute such documents as are required by the board to obtain and repay the loan. Interest on the loan shall be determined as provided in Section 16314.
(b) The Pooled Money Investment Board may also make a loan from the Pooled Money Investment Account to any special fund for the purpose of carrying out a program or project that is authorized to be financed by issuing bonds, notes, or other evidence of indebtedness, where the special fund does not qualify under subdivision (a). Any loan shall be subject to those terms and conditions as the board shall determine and interest shall be determined as provided in Section 16314.
Any state agency or other entity of state government that has authority to issue bonds may request a loan from the Pooled Money Investment Account and execute such documents as are required by the board to obtain and repay the loan.
(c) When a loan is made pursuant to subdivision (a) or (b) to a special fund to carry out a state general obligation bond program, other than a program adopted pursuant to an initiative statute prior to August 22, 1988, or Chapter 27, 30, 48, or 49 of the Statutes of 1988, the special fund shall pay the loan interest out of the proceeds derived from bond sales. For non-self-liquidating programs adopted pursuant to an initiative statute prior to August 22, 1988, or Chapter 27, 30, 48, or 49 of the Statutes of 1988, the General Fund shall pay the loan interest.
(d) Notwithstanding Section 13340, amounts required to pay interest on loans made to non-self-liquidating general obligation bond programs are hereby continuously appropriated from the General Fund.
The Legislature hereby finds and declares that these appropriations for interest payments regarding general obligation bond programs are appropriations for debt service as defined in Section 8 of Article XIII B of the California Constitution and therefore are exempt from the appropriations limit set by that article.
Notes and commentary — not statutory text
History
Amended by Stats. 1988, Ch. 984, Sec. 1. Effective September 20, 1988.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=16312.
- Text hash
- sha256 328b0c32adb2820eac8469336449eb0cbbde42b629ff522f00bfd6fde2b88616
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 106 provisions
Provisions in this library whose text cites Gov. Code, § 16312; the first 50 in book order. Each shows the citation as that text prints it.
Education Code
Government Code
- Gov. Code, § 8169.5Printed as Sections 16312 and 16313
- Gov. Code, § 8878.35Printed as Section 16312 of the Government Code
- Gov. Code, § 8878.119Printed as Section 16312
- Gov. Code, § 8879.11Printed as Section 16312
- Gov. Code, § 8879.31Printed as Section 16312
- Gov. Code, § 9118Printed as Section 16312
- Gov. Code, § 11012.5Printed as Sections 16312 and 16313
- Gov. Code, § 14015Printed as Section 16312 or 16313
- Gov. Code, § 14660.1Printed as Section 16312 or 16313
- Gov. Code, § 14669.35Printed as Sections 16312 and 16313
- Gov. Code, § 14669.5Printed as Sections 16312 and 16313
- Gov. Code, § 14669.8Printed as Sections 16312 and 16313
- Gov. Code, § 14669.12Printed as Sections 16312 and 16313
- Gov. Code, § 14669.14Printed as Sections 16312 and 16313
- Gov. Code, § 14669.15Printed as Sections 16312 and 16313
- Gov. Code, § 14669.21Printed as Sections 16312 and 16313
- Gov. Code, § 15819.17Printed as Section 16312
- Gov. Code, § 15819.22Printed as Section 16312
- Gov. Code, § 15819.23Printed as Section 16312
Health and Safety Code
Military and Veterans Code
- Mil. & Vet. Code, § 998.092Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 998.105Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 998.207Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 998.307Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 998.407Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 998.554Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 998.607Printed as Section 16312 of the Government Code
- Mil. & Vet. Code, § 1113Printed as Section 16312 of the Government Code
Penal Code
Public Resources Code
Public Utilities Code
Streets and Highways Code
Water Code
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