Government Code § 43774

ARTICLE 4. Investment Bond Act of 1909

Current as of September 28, 2026Gov. Code, § 43774Official source ↗

Added by Stats. 1949, Ch. 79.

The purchase price of any bonds sold and the accrued interest on them shall be placed in the general improvement fund and may be reinvested in bonds, or, if such reinvestment is not permitted, shall be used to pay principal and interest of the bonds issued pursuant to this article.