DIVISION 5. FLOOD CONTROL 8000-9651›PART 1. LOCAL FLOOD CONTROL 8000-8201›CHAPTER 1. Flood Control by Cities 8000-8061›ARTICLE 4. Bonds 8030-8039

§ 8039

California Water Code · 2026-09 edition · updated 2026-10-03 · California

The proceeds of the sale of the bonds shall be deposited in the city treasury to the credit of a designated fund and shall be applied exclusively to the purposes and objects for which the electors have voted to incur indebtedness or liability until the purposes and objects are accomplished, after which the surplus, if any, may be transferred to the general fund of the city.

(Added by Stats. 1943, Ch. 369.)

Get a plain-English answer with a citation back to this text.

Ask AI about this code

Export this section

▸Contents — California Water Code

California Water Code

GoCodebook provides public access, search, citation, multilingual explanation, and practical interpretation of legally adopted building regulations. It is not a substitute for the official ICC or California code publications.