Cal. Gov. Code § 99062

Current through the 2024 Legislative Session.
Section 99062 - Redeposit in General Obligation Bond Expense Revolving Fund

Out of the first money realized from the sale of bonds as provided in this chapter, there shall be redeposited in the General Obligation Bond Expense Revolving Fund, established by Section 16724.5, the amount of all expenditures made for purposes specified in that section, and this money may be used for the same purpose and repaid in the same manner whenever additional bond sales are made.

Ca. Gov. Code § 99062

Added by Stats 2003 ch 2 (AB X5-9),s 3, approved 3/2/2004, Proposition 57 (Click here to see text of Proposition 57).