California Government Code 8878.32 – All money deposited in the fund which is derived from premium and …
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All money deposited in the fund which is derived from premium and accrued interest on bonds sold shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest.
(Added by Stats. 1988, Ch. 27, Sec. 2. Approved in Proposition 77 at the June 7, 1988, election.)
Terms Used In California Government Code 8878.32
- Bond: means a bond, authorized by Sections 8878. See California Government Code 8878.16
- Fund: means the Housing Rehabilitation Loan Fund established by §. See California Government Code 8878.16