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DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS 2004.5-2704.78›CHAPTER 3. Highway Users Tax Account 2100-2127

§ 2107.4

California Streets and Highways Code · 2018-11 edition · updated 2026-10-04 · California

Not more than one-quarter of the funds allocated to a city or county from the Highway Users Tax Account in the Transportation Tax Fund for the construction of streets therein may be used to make principal and interest payments on bonds issued for such construction, if the issuance of such bonds is authorized by a proposition approved by a majority of the votes cast thereon. The term of any such bonds shall not exceed 25 years.

(Amended by Stats. 1980, Ch. 777, Sec. 82.)

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California Streets and Highways Code

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