California Law (Last Updated: March 4, 2014) |
Education Code - EDC |
Title 3. POSTSECONDARY EDUCATION |
Division 5. GENERAL PROVISIONS |
Part 40. DONAHOE HIGHER EDUCATION ACT |
Chapter 14.4. Higher Education Facilities Bond Act of June 1990 |
ARTICLE 3. Fiscal Provisions |
Section 67347.6.
Latest version.
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All money deposited in the fund that is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest.
(Added by Stats. 1990, Ch. 6, Sec. 1. Approved June 5, 1990, by adoption of Proposition 121.)