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DIVISION 16. HIGHWAY DISTRICTS 25000-27567›PART 3. BRIDGE AND HIGHWAY DISTRICTS 27000-27567›CHAPTER 13. Issuance of District Bonds and Disposition of Surplus Proceeds 27240-27250

§ 27249

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

If the surplus from the proceeds of the bonds exceeds one year’s interest on the bonds, the balance shall be placed in the fund for the payment of the principal of such bonds.

(Added by Stats. 1943, Ch. 286.)

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California Streets and Highways Code

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