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DIVISION 1. STATE HIGHWAYS 50-897›CHAPTER 1. Administration 50-227.1›ARTICLE 3.7. Clean Renewable Energy Bonds for the Department of Transportation 157-157.8

§ 157.2

California Streets and Highways Code · 2020-11 edition · updated 2026-10-04 · California

(a) The net proceeds of bonds issued under this article shall be deposited in the Clean Renewable Energy Bonds Subaccount, which is hereby established as a special trust fund in the Special Deposit Fund created pursuant to Section 16370 of the Government Code.

(b) On or before July 1, 2015, any remaining moneys in the subaccount shall be transferred to the State Highway Account in the State Transportation Fund.

(Amended by Stats. 2015, Ch. 12, Sec. 10. (AB 95) Effective June 24, 2015.)

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California Streets and Highways Code

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