Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 157.2 — Clean Renewable Energy Bonds for the Department of Transportation
Cal. Sts. & High. Code § 157.2
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Date
- 2015-06-24
- Current through
- Nov 2, 2026 (California Legislative Counsel)
(a) The net proceeds of bonds issued under this article shall be deposited in the Clean Renewable Energy Bonds Subaccount, which is hereby established as a special trust fund in the Special Deposit Fund created pursuant to Section 16370 of the Government Code.
Citator
Cal. Sts. & High. Code § 157.2 — Clean Renewable Energy Bonds for the Department of Transportation is in force in the current edition of the Code, and nothing recorded condemns it.
(a) The net proceeds of bonds issued under this article shall be deposited in the Clean Renewable Energy Bonds Subaccount, which is hereby established as a special trust fund in the Special Deposit Fund created pursuant to Section 16370 of the Government Code.
(b) On or before July 1, 2015, any remaining moneys in the subaccount shall be transferred to the State Highway Account in the State Transportation Fund.