California Legal Codes and Statutes

§ 27248

Added by Stats. 1943, Ch. 286.

The money in the reserve interest fund shall be deposited in the same manner as other funds of the district or invested in securities which are legal investments for public funds, and the fund shall be used solely for the payment of interest on such bonds whenever there shall be a deficit in the revenues of the works and only to the extent of such deficit.

Cite this section

Cal. Sts. & High. Code § 27248 (2026)
https://ca.codecond.com/codes/shc/division-16-highway-districts/part-3-bridge-and-highway-districts/chapter-13-issuance-of-district-bonds-and-disposition-of-surplus-proceeds/section-27248

Other sections in Chapter 13 - Issuance of District Bonds and Disposition of Surplus Proceeds

§ 27240§ 27241§ 27242§ 27243§ 27244§ 27245§ 27247§ 27248§ 27249§ 27250

This content is for reference, learning, and study purposes only. All legal text should be verified against the official California Legislative Information website, which is the authoritative source for California law. Data last processed: February 8, 2026.