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California Harbors and Navigation Code Section 3916

Legal Research Home > California Laws > Harbors and Navigation Code > California Harbors and Navigation Code Section 3916

3916.  Due notice of the time and place of sale of all bonds shall
be given by the State Treasurer by publication in one newspaper
published in the City and County of San Francisco and also by
publication in one newspaper published in the City of Sacramento and
by publication in one newspaper published in the City of Los Angeles
once a week during two weeks prior to such sale. In addition to the
notice last above provided for, the State Treasurer may give such
further notice as he may deem advisable.
   All money secured from the sale of bonds issued at the instance of
the authority, other than such amount as may have been paid as
premium or accrued interest thereon, and excluding any amount paid
pursuant to Section 3916.5, shall be placed in the State Treasury to
the credit of the Fifth San Francisco Seawall Fund. All money secured
from the sale of bonds issued at the instance of the commission,
other than such amount as may have been paid as premium or accrued
interest thereon, and excluding any amount paid pursuant to Section
3916.5 shall be placed in the State Treasury to the credit of the
Small Craft Harbor Bond Fund. Any premium or accrued interest
received on the sale of bonds issued and sold at the instance of the
authority shall be deposited in the account established in the Harbor
Bond Sinking Fund pursuant to subdivision (a) of Section 3918.5, and
any premium or accrued interest received on the sale of bonds issued
and sold at the instance of the commission shall be deposited in the
account established in the Harbor Bond Sinking Fund pursuant to
subdivision (b) of Section 3918.5.

Last modified: February 22, 2013