DIVISION 9. EXPENDITURE LIMITATIONS 7900-7914›PART 7. Operative Date 7931.000›CHAPTER 12.4. Disaster Recovery Reconstruction Act of 1986 8877.1-8877.6›ARTICLE 5. Fiscal Provisions 8878.109-8878.122

§ 8878.116

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

All moneys derived from premium and accrued interest on bonds sold shall be reserved and shall be available for transfer to the General Fund as a credit to expenditures for bond interest.

(Added by Stats. 1990, Ch. 23, Sec. 2. Approved in Proposition 122 at the June 5, 1990, election.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Government Code

California Government Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.