California Law (Last Updated: March 4, 2014) |
Water Code - WAT |
Division 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES |
Part 3. CENTRAL VALLEY PROJECT |
Chapter 8. Bonds |
ARTICLE 2. General Provisions |
Section 11714.
Latest version.
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The department shall return the appropriation made by Chapter 12 of the Statutes of 1935, or so much thereof as is used, with interest thereon at the rate of 4 percent per annum to the General Fund in the State Treasury from the proceeds of the first sale of revenue bonds issued for the construction of the project under the provisions of this part.
(Amended by Stats. 1957, Ch. 1932.)