There is a newer version of the California Code
2011 California Code
Public Resources Code
DIVISION 11. RESORT IMPROVEMENT DISTRICTS [13000 - 13233]
CHAPTER 10. Funds
Section 13172
CA Pub Res Code § 13172 (through 2012 Leg Sess) What's This?
The money in any construction fund shall be used for the purpose indicated in the resolution calling the election upon the question of the issuance of bonds, or for the purpose described in the resolution of intention in the assessment proceedings, or for repayment of money borrowed for the purpose of financing the improvement for which bonds were subsequently issued or the assessment levied.
(Added by Stats. 1961, Ch. 2069.)
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