TITLE 13. CALIFORNIA SAVINGS AND ASSET PROJECT 95500-95508›CHAPTER 3. Economic Recovery Fund 99060-99064

§ 99062

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

Out of the first money realized from the sale of bonds as provided in this chapter, there shall be redeposited in the General Obligation Bond Expense Revolving Fund, established by Section 16724.5, the amount of all expenditures made for purposes specified in that section, and this money may be used for the same purpose and repaid in the same manner whenever additional bond sales are made.

(Added by Stats. 2003, 5th Ex. Sess., Ch. 2, Sec. 3. Approved in Proposition 57 at the March 2, 2004, election.)

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California Government Code

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