Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 27242 — Issuance of District Bonds and Disposition of Surplus Proceeds
Cal. Sts. & High. Code § 27242
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Bonds may be issued in accordance with the estimate in such amounts not exceeding the total amount of bonds authorized as will produce a sum sufficient to pay the cost of constructing or acquiring or both the works for which they were authorized and interest on the bonds so issued during the…
Citator
Cal. Sts. & High. Code § 27242 — Issuance of District Bonds and Disposition of Surplus Proceeds is in force in the current edition of the Code, and nothing recorded condemns it.
Bonds may be issued in accordance with the estimate in such amounts not exceeding the total amount of bonds authorized as will produce a sum sufficient to pay the cost of constructing or acquiring or both the works for which they were authorized and interest on the bonds so issued during the period of construction and six months thereafter. The failure to issue the full amount of bonds authorized shall not invalidate any bonds of the district.