California Government Code

§ 50796

GOV § 50796Div. 1 · Title 5 · Part 1 · Ch. 3.5 · Art. 7

Statute text

Moneys in the construction fund not required to meet acquisition or construction costs or expenses payable from the construction fund or interest on the bonds, may be invested in bonds and other obligations eligible for investment of surplus county moneys; subject to such limitations as may be provided in the proceedings authorizing the issuance of the bonds. Any income or interest thereon shall be added to and become a part of the construction fund.

Legislative history

Added by Stats. 1957, Ch. 2066.