California Public Resources Code

§ 13172

PRC § 13172Div. 11 · Ch. 10

Statute text

The money in any construction fund shall be used for the purpose indicated in the resolution calling the election upon the question of the issuance of bonds, or for the purpose described in the resolution of intention in the assessment proceedings, or for repayment of money borrowed for the purpose of financing the improvement for which bonds were subsequently issued or the assessment levied.

Legislative history

Added by Stats. 1961, Ch. 2069.