Statute · California Government Code
Cal. Gov't Code § 43774 — Investment Bond Act of 1909
Cal. Gov't Code § 43774
- Type
- Statute
- Source
- California Government Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The purchase price of any bonds sold and the accrued interest on them shall be placed in the general improvement fund and may be reinvested in bonds, or, if such reinvestment is not permitted, shall be used to pay principal and interest of the bonds issued pursuant to this article.
Citator
Cal. Gov't Code § 43774 — Investment Bond Act of 1909 is in force in the current edition of the Code, and nothing recorded condemns it.
The purchase price of any bonds sold and the accrued interest on them shall be placed in the general improvement fund and may be reinvested in bonds, or, if such reinvestment is not permitted, shall be used to pay principal and interest of the bonds issued pursuant to this article.