LawWiki
HomeCodesSearchGlossaryAPIAbout
LawWiki

Plain English summaries of California law with zero-hallucination AI. Every summary is verified against official source text.

Product

  • Search
  • Codes
  • About

Legal

  • Privacy Policy
  • Terms of Service
  • Disclaimer

© 2026 LawWiki. All rights reserved.

HomeHarbors and Navigation CodeDiv. 7Ch. 2Art. 4§ 4100 Harbor Bond Fund Management

§ 4100 Harbor Bond Fund Management

Harbors and Navigation Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 4100 Harbor Bond Fund Management

This law says that when bonds are sold for harbor projects, they must be sold for at least their face value, and the money must be used only for the harbor project it was meant for.

Key Takeaways

  • •Bonds for harbor projects must be sold for at least their full value.
  • •The money from selling bonds must go into a special fund and can only be used for the harbor project.
  • •The county can also accept donations for the harbor project, but these must be used only for what they were donated for.
  • •Money from the fund can only be spent with approval from the county auditor and the commission.

Example

A county wants to build a new dock at the harbor and sells bonds to raise money.

The county must sell these bonds for at least their full value, and all the money raised must go into a special fund just for the dock project. They can't use the money for anything else, like fixing roads.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 4100 Harbor Bond Fund Management

All bonds sold for any purpose contemplated by this chapter shall be sold for not less than their par value and accrued interest. The proceeds shall be deposited in the treasury of the county and placed to the credit of a special fund designated, ____ harbor fund, created by order of the commission for that purpose, and the proceeds of the sale of the bonds shall be used solely and exclusively for the purpose for which they were issued. The commission may receive donations and place them to the credit of the fund. These shall be used only for the purpose for which they were donated. Money shall not be paid out of the fund except upon warrant of the county auditor, issued upon the written order of the commission, and duly allowed and approved by the board. (Enacted by Stats. 1937, Ch. 368.)

Last verified: January 11, 2026

Key Terms

bondspar valueharbor fundcommissioncounty auditorboard

Related Statutes

  • § 4105 Harbor Fund Financial Reports
  • § 4046 Harbor Improvement Project Review
  • § 4048 Commission Dissolution And Records
  • § 4064 County Bond Election Requirement
  • § 4080 Harbor Improvement Bond Funding

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Harbors and Navigation Code. Section 4100.
View Official Source