ARTICLE 11. Proceeds [13171. - 13177.]

Article 11 added by Stats. 1957, Ch. 2237.

§§ 13171–13177 · 7 sections

• § 13171 All sums received as accrued interest on the sale of any issue of bonds issued pursuant to this chapter shall be applied to the payment of interest on or…
• § 13172 All sums received as principal and premiums on the sale of any issue of bonds shall be applied to the purposes for which such bonds were issued. The board may…
• § 13173 The board may from time to time establish and maintain a separate fund or funds in the district treasury for the purpose of insuring the application of such…
• § 13174 Money set aside and placed in any such separate fund shall remain therein until from time to time expended for the purposes for which such bonds were issued,…
• § 13175 Money in any such separate fund shall be drawn therefrom only upon demands authenticated by the signature of the accountant of the district.
• § 13176 If the board shall determine by resolution that the expenditure of the whole or any portion of the said principal sum of any issue of bonds for the purpose for…
• § 13177 If any excess of the principal sum of the proceeds of any issue of bonds shall remain unexpended after the full accomplishment of the purpose for which such…