Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 27249 — Issuance of District Bonds and Disposition of Surplus Proceeds
Cal. Sts. & High. Code § 27249
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Current through
- Nov 2, 2026 (California Legislative Counsel)
If the surplus from the proceeds of the bonds exceeds one year’s interest on the bonds, the balance shall be placed in the fund for the payment of the principal of such bonds.
Citator
Cal. Sts. & High. Code § 27249 — Issuance of District Bonds and Disposition of Surplus Proceeds is in force in the current edition of the Code, and nothing recorded condemns it.
If the surplus from the proceeds of the bonds exceeds one year’s interest on the bonds, the balance shall be placed in the fund for the payment of the principal of such bonds.