Cal. Code Regs. tit. 2 § 1031.11
Current through Register 2024 Notice Reg. No. 41, October 11, 2024
When bond proceeds are invested prior to their use for the purpose for which the bonds were issued, the earnings shall be applied toward debt service as indicated in Section 29303 of the Government Code, unless a different disposition is prescribed in law or in the resolution authorizing the bonds. (Effective with respect to bonds issued on or after the effective date of each accounting system)
Cal. Code Regs. Tit. 2, § 1031.11