California Streets and Highways Code

§ 25442

SHC § 25442Div. 16 · Part 1 · Ch. 18

Statute text

The board of directors may use any available moneys of the district, not already allocated to some other purpose, for the payment of any interest or principal due or past due upon any funding bonds of the district, and may advance moneys of the district for that purpose. If an advancement is made the district shall be entitled to reimbursement out of any levies thereafter made or any moneys thereafter collected and applicable to the payment of the funding bonds.

Legislative history

Added by Stats. 1943, Ch. 284.