§ 11760 Bond Proceeds Deposit

Water Code·California

AI SummaryVerified

This law says that money from selling bonds must go to the Treasurer for a construction fund.

Key Takeaways

•Money from selling bonds goes to the Treasurer.
•The money is used only for construction projects.
•The Treasurer keeps track of this money in a special fund.

Example

A city sells bonds to raise money for building a new school.

The money from selling those bonds must be given to the Treasurer to be used only for the school construction.

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

Official Source

View on CA.gov

§ 11760 Bond Proceeds Deposit

The proceeds from the sale of bonds shall be paid to the Treasurer or the designee of the Treasurer to the credit of the construction fund. (Amended by Stats. 1991, 1st Ex. Sess., Ch. 5, Sec. 5. Effective June 6, 1991.)

Last verified: January 11, 2026

Key Terms

proceeds from the sale of bonds Treasurer construction fund

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11760.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References