ARTICLE 6. Investment and Use of Surplus Money

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

§§ 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…