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DIVISION 31. HOUSING AND HOME FINANCE 50000-54949›PART 16. Veterans and Affordable Housing Bond Act of 2018 54000-54034›CHAPTER 3. Fiscal Provisions 54010-54034

§ 54034

California Health and Safety Code · 2026-09 edition · updated 2026-10-03 · California

All moneys derived from premiums and accrued interest on bonds sold pursuant to this part shall be transferred to the General Fund as a credit to expenditures for bond interest; provided, however, that amounts derived from premiums may be reserved and used to pay the costs of bond issuance prior to transfer to the General Fund.

(Added by Stats. 2017, Ch. 365, Sec. 3. Approved in Proposition 1 at the November 6, 2018, election; effective November 7, 2018.)

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California Health and Safety Code

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