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HomeWater CodeDiv. 6Pt. 3Ch. 1Art. 4§ 11140 Post-Bond Revenue Reimbursement

§ 11140 Post-Bond Revenue Reimbursement

Water Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 11140 Post-Bond Revenue Reimbursement

This law says that even after paying off all the money borrowed for a project, the department can keep collecting money from the project to pay back any state agency that helped with costs like land, materials, or labor.

Key Takeaways

  • •After paying off bonds for a project, the department can still collect money from it.
  • •This extra money is used to pay back any state agency that helped with the project.
  • •The help could be things like money, land, labor, or materials.

Example

Imagine the state builds a new toll bridge. After paying back all the loans for the bridge, they can still collect toll money to pay back other state agencies that helped with things like buying land or building materials.

The toll money collected after the loans are paid can be used to repay any extra help given by other state agencies during the construction of the bridge.

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

Official Source
View on CA.gov

§ 11140 Post-Bond Revenue Reimbursement

After all bonds issued have been fully redeemed and paid, the department may continue to collect revenues from the use and operation of the project for the purpose of reimbursing any state agency for any expenditures made by it and for the purpose of repayment of any amount the department shall have agreed to repay for money, rights of way, labor, materials, or other property advanced or contributed for the construction of the project or unit thereof. (Amended by Stats. 1957, Ch. 1932.)

Last verified: January 11, 2026

Key Terms

bondsredeemed and paidreimbursestate agencyrepaymentmoney, rights of way, labor, materials, or other property

Related Statutes

  • § 8032 Bond Annual Repayment Requirement
  • § 8036 City Bond Execution Requirements
  • § 8038 City Bond Issuance Rules
  • § 11135 State Agency Project Contributions
  • § 11136 State Funding Advances

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11140.
View Official Source