ARTICLE 5. Custody and Use of Money [31180. - 31189.]

Article 5 added by Stats. 1968, Ch. 923.

§§ 31180–31189 · 10 sections

• § 31180 The proceeds from the sale of all bonds authorized pursuant to this chapter shall be paid to the treasurer for the credit of the authority and forthwith…
• § 31181 The proceeds from the sale of the bonds shall be paid out or disbursed solely for the acquisition or construction of the toll tunnel, the acquisition of the…
• § 31182 All money in the acquisition and construction fund not required to meet current acquisition or construction costs of the toll tunnel, and all funds…
• § 31183 Any surplus which exists in the acquisition and construction fund shall be applied to the retirement, by purchase or call, of bonds issued for the acquisition…
• § 31184 All tolls or other revenues received from the operation of the toll tunnel shall be paid over by the department at least monthly to the treasurer who shall…
• § 31185 From the money deposited in the acquisition and construction fund, the treasurer shall transfer to the place or places of payment named in the bonds such sums…
• § 31186 The money remaining in the toll revenue fund, after providing the amount required for interest and redemption of bonds, shall be held and applied as provided…
• § 31187 Money required to meet the costs of acquisition or construction and all expenses and costs incidental to the acquisition or construction of the toll tunnel, or…
• § 31188 All interest received or earned on money deposited in each and every fund provided for in this article shall be credited to and become a part of the particular…
• § 31189 Notwithstanding anything contained in this chapter, the proceeds received from the sale of bonds and the tolls or other revenues received from the operation of…