California Water Code 11770 – From the money deposited in the construction fund the State Treasurer …
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From the money deposited in the construction fund the State Treasurer shall transfer to the place or places of payment named in the bonds the sums required to pay the interest as it becomes due on all bonds sold and outstanding for the construction of the project during the period of actual construction and during a period of one year after completion thereof.
(Added by Stats. 1943, Ch. 370.)
Terms Used In California Water Code 11770
- bonds: means revenue bonds, notes, refunding bonds, refunding notes, bond anticipation notes, certificates of indebtedness, and other evidences of indebtedness payable from the sources provided in this chapter. See California Water Code 11700
- State: means the State of California, unless applied to the different parts of the United States. See California Water Code 18