BlackletterCalifornia law

Streets and Highways Code § 27249

CHAPTER 13. Issuance of District Bonds and Disposition of Surplus Proceeds

Current as of September 28, 2026Sts. & Hy. Code, § 27249Official source ↗

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.