CHAPTER 9. Finances
Chapter 9 added by Stats. 1943, Ch. 370.
§§ 11800–11855 · 35 sections
ARTICLE 1. General Financial Provisions §§ 11800–11807 · 8 sections
- § 11800 Money required to meet the costs of construction of the project and all expenses and costs incidental thereto and to meet the costs of operating and…
- § 11801 All interest received or earned on money deposited in a fund provided for in this part shall be credited to and become a part of the particular fund upon which…
- § 11802 The proceedings authorizing the issuance of bonds may contain appropriate provisions governing the use and application of bond proceeds and revenues for the…
- § 11803 The department may provide in the proceedings authorizing the issuance of bonds or may otherwise agree with the purchasers of bonds regarding the deposit of…
- § 11804 The depositaries and security provided for or agreed upon shall be qualified and eligible in accordance with the requirements of law.
- § 11805 Notwithstanding anything contained in this part, the proceeds received from the sale of bonds and the revenues received from the operation of the project may…
- § 11806 The amounts required to be transferred by the State Treasurer as provided in this part shall be ascertained and computed by the department and the certificate…
- § 11807 When the department, with the concurrence of the Department of Finance, deems it in the best interests of the state, it may authorize the State Treasurer, upon…
ARTICLE 2. Construction Fund §§ 11810–11814 · 5 sections
- § 11810 There is in the State Treasury The Central Valley Water Project Construction Fund which is continued in existence.
- § 11811 The construction fund shall at all times be kept segregated and set apart from all other funds.
- § 11812 Any and all appropriations and contributions received from the United States, the State, any State agency, any political subdivision, or any other source for…
- § 11813 All costs and expenses of the department, including interest due and payable, incurred in performing the duties prescribed in this part prior to and during the…
- § 11814 All the costs and expenses mentioned in the next preceding section shall be charged as a part of the cost of construction of the project and the money in the…
ARTICLE 3. Revenue Fund §§ 11815–11823 · 9 sections
- § 11815 There is in the State Treasury the Central Valley Water Project Revenue Fund which is continued in existence.
- § 11816 All revenues received from the operation of the project shall be paid over by the department at least monthly to the State Treasurer.
- § 11817 The State Treasurer shall deposit the revenues to the credit of the revenue fund as demand deposits in a depositary authorized by law to receive deposits of…
- § 11818 The revenue fund shall at all times be kept segregated and set apart from all other funds.
- § 11819 All appropriations and contributions received from the United States, the State, any State agency, any political subdivision, or from any other source for the…
- § 11820 After the expiration of one year after the completion of the project, all costs and expenses of the department, including interst due and payable, incurred in…
- § 11821 The money in the revenue fund is hereby appropriated for the payment of costs and expenses, for the maintenance and operation of the project, for making…
- § 11822 The money remaining in the revenue fund after providing the amount required for interest and redemption of bonds shall be devoted to the payment of the costs…
- § 11823 Notwithstanding anything contained in this part, the department may provide in the proceedings authorizing the issuance of bonds that revenues received during…
ARTICLE 4. Reserve Funds §§ 11830–11832 · 3 sections
- § 11830 The proceedings authorizing the issuance of bonds may provide for the setting up of a reserve fund or funds out of the revenues not needed for the payment of…
- § 11831 Any proceedings authorizing the issuance of bonds and providing for the setting up of a reserve fund may also require the immediate application of all surplus…
- § 11832 The money remaining in the revenue fund after providing the amount required for interest and redemption of bonds as provided in this article shall be held and…
ARTICLE 5. Warrants § 11835 · 1 section
- § 11835 Warrants for payments to be made on account of bonds shall be drawn by the State Controller upon request of the State Treasurer whenever the drawing of…
ARTICLE 6. Investment and Use of Surplus Money §§ 11840–11842 · 3 sections
- § 11840 All money in the construction fund not required to meet preconstruction, acquisition, or construction costs and expenses, or interest thereon, of the project,…
- § 11841 The department may provide in the proceedings authorizing the issuance of bonds that the investment of surplus money shall be made only in particular bonds and…
- § 11842 If the proceedings authorizing the issuance of bonds do not require surplus revenues to be held or applied in any particular manner, they shall be allocated…
ARTICLE 7. Insurance and Indemnity Bonds §§ 11850–11855 · 6 sections
- § 11850 When any of the works authorized by this part are being constructed by the department, the department may carry or cause to be carried such an amount of…
- § 11851 The department may carry insurance to cover any accident or destruction in part or in whole to any works until all bonds and interest thereon have been fully…
- § 11852 All money collected on any indemnity bond or insurance policy as the result of any damage or injury to any works shall be used for the purpose of repairing or…
- § 11853 The department may carry insurance or indemnity bonds insuring against the loss of revenues to be derived from the project by reason of any interruption in the…
- § 11854 Insurance or indemnity bonds against loss of revenues may be in an amount equal to the probable revenues to be received from the use and operation of the…
- § 11855 The department may provide in the proceedings authorizing the issuance of bonds for the carrying of insurance as authorized by this part, and the purchase and…