§ 11823 Bond Revenue Use During Construction

Water Code·California

AI SummaryVerified

This law says that while a big project is being built and for one year after it's done, the money made from it can be used to pay for the costs of building it, including interest.

Key Takeaways

•Money earned during and right after building a project can pay for the project's costs.
•This includes paying back loans and interest.
•This rule applies for the construction period and one year after the project is finished.

Example

Imagine a new toll bridge is being built. While it's being constructed and for one year after it opens, the money from tolls can be used to pay for the building costs and any interest on loans taken to build it.

The law allows the money earned during and right after construction to cover the expenses of building the project, like paying back loans with interest.

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

Official Source

View on CA.gov

§ 11823 Bond Revenue Use During Construction

Notwithstanding anything contained in this part, the department may provide in the proceedings authorizing the issuance of bonds that revenues received during the period of construction and for a period of one year after completion thereof may be used for the payment during such periods of costs and expenses of the department, including interest due and payable, incurred in performing the duties prescribed in this part. (Added by Stats. 1975, Ch. 828.)

Last verified: January 11, 2026

Key Terms

revenues period of construction costs and expenses interest due and payable

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11823.

§ 11823 Bond Revenue Use During Construction

Water Code·California

AI SummaryVerified

§ 11823 Bond Revenue Use During Construction

This law says that while a big project is being built and for one year after it's done, the money made from it can be used to pay for the costs of building it, including interest.

Key Takeaways

•Money earned during and right after building a project can pay for the project's costs.
•This includes paying back loans and interest.
•This rule applies for the construction period and one year after the project is finished.

Example

The law allows the money earned during and right after construction to cover the expenses of building the project, like paying back loans with interest.

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

Official Source

View on CA.gov

§ 11823 Bond Revenue Use During Construction

Last verified: January 11, 2026

Key Terms

revenues period of construction costs and expenses interest due and payable

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11823.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References