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2019 California Code
Streets and Highways Code - SHC
DIVISION 16 - HIGHWAY DISTRICTS
PART 3 - BRIDGE AND HIGHWAY DISTRICTS
CHAPTER 13 - Issuance of District Bonds and Disposition of Surplus Proceeds
Section 27249.
Universal Citation: CA St & Hwy Code § 27249 (2019)
27249.
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.
(Added by Stats. 1943, Ch. 286.)
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