Statute · California Streets and Highways Code
Cal. Sts. & High. Code § 8882 — SPECIAL SECURITY FUND
Cal. Sts. & High. Code § 8882
- Type
- Statute
- Source
- California Streets and Highways Code
- Jurisdiction
- California
- Date
- 1981-09-09
- Current through
- Nov 2, 2026 (California Legislative Counsel)
Upon receipt of the bond sale proceeds, the amount so provided for the special reserve fund pursuant to Section 8880 shall be transferred to the fund.
Citator
Cal. Sts. & High. Code § 8882 — SPECIAL SECURITY FUND is in force in the current edition of the Code, and nothing recorded condemns it.
Upon receipt of the bond sale proceeds, the amount so provided for the special reserve fund pursuant to Section 8880 shall be transferred to the fund.
The special reserve fund shall be identified by the name of the proceedings under which the bonds are issued and shall constitute a trust fund for the benefit of the bondholders, subject to and to be administered in accordance with the provisions of this part.