California Public Resources Code 13171 – The proceeds of the sale of revenue bonds or general obligation bonds …
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The proceeds of the sale of revenue bonds or general obligation bonds or proceeds of special assessments levied by the board shall be deposited with the treasurer and shall be placed in a fund to be called the “Resort Improvement District Construction Fund No. ____” (inserting number).
(Added by Stats. 1961, Ch. 2069.)
Terms Used In California Public Resources Code 13171
- 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.