California Military and Veterans Code 998.211 – Out of the first money realized from the sale of bonds as provided …
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Out of the first money realized from the sale of bonds as provided herein, there shall be redeposited in the General Obligation Bond Expense Revolving Fund, established by § 16724.5 of the Government Code, the amount of all expenditures made for the purposes specified in that section, and this money may be used for the same purpose and repaid in the same manner whenever additional bond sales are made.
(Added by Stats. 1996, Ch. 161, Sec. 2. Approved in Proposition 206 at the November 5, 1996, election.)
Terms Used In California Military and Veterans Code 998.211
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.