There is a newer version of the California Code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 13176
CA Pub Res Code § 13176 (through 2012 Leg Sess) What's This?
No part of the money belonging in the bond fund may be transferred to any other fund or be used for any purpose other than the payment of principal and interest of the bonds of the district, or for repayment of money borrowed for the purpose of paying the principal and interest of the bonds of the district, until said bonds are fully paid, at which time it may be transferred to any other fund.
(Added by Stats. 1961, Ch. 2069.)
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