Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 27248 — Issuance of District Bonds and Disposition of Surplus Proceeds
Cal. Sts. & High. Code § 27248
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
The money in the reserve interest fund shall be deposited in the same manner as other funds of the district or invested in securities which are legal investments for public funds, and the fund shall be used solely for the payment of interest on such bonds whenever there shall be a deficit in the…
Citator
Cal. Sts. & High. Code § 27248 — Issuance of District Bonds and Disposition of Surplus Proceeds is in force in the current edition of the Code, and nothing recorded condemns it.
The money in the reserve interest fund shall be deposited in the same manner as other funds of the district or invested in securities which are legal investments for public funds, and the fund shall be used solely for the payment of interest on such bonds whenever there shall be a deficit in the revenues of the works and only to the extent of such deficit.