ARTICLE 1. Funds Generally

Article 1 added by Stats. 1943, Ch. 372.

§§ 24475–24486 · 12 sections

• § 24475 The following funds are created to which district money properly belonging shall be apportioned: (a) Bond principal fund. (b) Bond interest fund. (c)…
• § 24476 A district may provide for a reserve fund to be used for the payment of the interest or principal of any outstanding bonds. If the estimate referred to in…
• § 24477 A district may establish any fund required to comply with the terms of any plan by which any bonds are to be paid.
• § 24478 To the extent that any fund contains money applicable to a sinking fund provided for in a refunding plan or modification of it, the treasurer shall withdraw…
• § 24479 Surplus funds on hand and available for payment into a refunding bond sinking fund may on order of the board be paid into it.
• § 24480 Any money in a refunding bond sinking fund may be invested in bonds of the United States or of this State.
• § 24481 Federal and State bonds so purchased with the sinking fund money together with the income from them shall be held as part of the sinking fund until the board…
• § 24482 The proceeds from the sale of any bonds in which any part of the sinking fund was invested shall be deposited in the sinking fund.
• § 24483 The proceeds of the annual assessment shall be paid into the district treasury and be apportioned to the several proper funds.
• § 24484 The proceeds of limited assessments shall be paid into the district treasury for the purpose for which the assessments were respectively authorized.
• § 24485 The proceeds from the lease or sale of any property specifically allocated to the payment of warrants shall be placed in a separate fund and shall not be…
• § 24486 Whenever an object for which money has been specifically provided by district assessment or by bond issue has been accomplished and any money provided therefor…