California Streets and Highways Code 2701.19 – 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. 1989, Ch. 108, Sec. 2. Approved in Proposition 108 at the June 5, 1990, election.)
Terms Used In California Streets and Highways Code 2701.19
- Fund: means the Passenger Rail Bond Fund created pursuant to Section 2701. See California Streets and Highways Code 2701.01