Cal. Health & Saf. Code § 125291.70

Current through the 2023 Legislative Session.

Section 125291.70 - Money reserved in fund

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, except that amounts derived from premium may be reserved and used to pay costs of issuance prior to any transfer to the General Fund.

Ca. Health and Saf. Code § 125291.70

Amended November 3, 2020, by initiative Proposition 14, Sec. 22, eff. 12/16/2020.

Amended by Proposition 71, Sec. 5, enacted by the people of the State of California 11/2/2004, eff. 11/3/2004.