ARTICLE 6. Reserve Funds

Article 6 added by Stats. 1957, Ch. 2237.

§§ 13121–13124 · 4 sections

• § 13121 In connection with the exercise of the power to borrow money, to issue bonds, and to refund indebtedness, pursuant to this chapter, the board may, from time to…
• § 13122 Money set aside and placed in any such reserve fund or special trust account shall remain therein until from time to time expended for the purposes thereof,…
• § 13123 Money in any such reserve fund shall be drawn therefrom only upon demands authenticated by the signature of the accountant of the district; provided, however,…
• § 13124 Money in any such special trust account shall be drawn therefrom only in accordance with directions given or authorized by the board.