California Law (Last Updated: March 4, 2014) |
Streets and Highways Code - SHC |
Division 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS |
Chapter 17. Passenger Rail and Clean Air Bond Act of 1990 |
ARTICLE 3. Fiscal Provisions |
Section 2701.19.
Latest version.
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All money deposited in the fund which 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. 1989, Ch. 108, Sec. 2. Approved June 5, 1990, by adoption of Proposition 108.)