ARTICLE 6. Disposition of Proceeds from Bond Sale

Article 6 added by Stats. 1943, Ch. 370.

§§ 11760–11762 · 4 sections

• § 11760 The proceeds from the sale of bonds shall be paid to the Treasurer or the designee of the Treasurer to the credit of the construction fund.
• § 11761 The proceeds shall be paid out, disbursed, or applied solely for one or more of the following: (a) The construction, reconstruction, and repair of the project.…
• § 11761.5 (a) If the department sells bonds to finance a water purchase, the bonds, including all refinancing of the bonds, shall be scheduled to mature within five…
• § 11762 The department may agree with the purchaser of bonds upon any conditions or limitations restricting the disbursement of the proceeds that may be deemed…