Cal. Pub. Resources Code § 95010

Current through 2024 Legislative Session
Section 95010 - Moneys derived from premiums and accrued interest on bonds sold shall be reserved in the fund

All moneys deposited in the fund that are derived from premiums and accrued interest on bonds sold pursuant to this division 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 premiums may be reserved and used to pay costs of bond issuance before any transfer to the General Fund.

Ca. Pub. Res. Code § 95010

Added by Stats 2024 ch 83 (SB 867),s 2, eff. 11/6/2024 upon the approval by the voters of the Safe Drinkiing Water, Wildfire Prevention, Drought Preparedness, and Clean Air Bond Act of 2024 (Approved in Proposition 4 at the November 5, 2024, election.).