DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 1. GENERAL 36501-36525›CHAPTER 8. Parks Outside City Limits 38300-38304›ARTICLE 2. Parks Dedicated by City 38440-38462

§ 38461

California Government Code · 2026-09 edition · updated 2026-09-27 · California

If the land was acquired by money derived from bonds authorized for park purposes, and the land sold, the reasonable market value of the land at the time of adoption of the ordinance shall be transferred to the bond fund from such other municipal fund as the legislative body determines. If the land was not acquired from bond funds and the land is sold, the proceeds from such sale shall be deposited in the general fund of the city.

(Amended by Stats. 1951, Ch. 729.)

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California Government Code

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