DIVISION 6. CONSERVATION, DEVELOPMENT, AND UTILIZATION OF STATE WATER RESOURCES 10000-12999›PART 3. CENTRAL VALLEY PROJECT 11100-11985›CHAPTER 9. Finances 11800-11855›ARTICLE 6. Investment and Use of Surplus Money 11840-11842
§ 11840
California Water Code · 2020-11 edition · updated 2026-10-04 · California
All money in the construction fund not required to meet preconstruction, acquisition, or construction costs and expenses, or interest thereon, of the project, or unit thereof, for which bonds were issued and sold, and all funds constituting surplus revenues which are not immediately needed for the particular object or purpose to which they are required to be applied or are pledged shall be invested in bonds and obligations eligible for investment of surplus State money.
(Added by Stats. 1943, Ch. 370.)
Get a plain-English answer with a citation back to this text.
Ask AI about this code