California Legal Codes and Statutes

§ 27249

Added by Stats. 1943, Ch. 286.

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.

Cite this section

Cal. Sts. & High. Code § 27249 (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-27249

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

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

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