Whenever bonds are sold, out of the first money realized from their sale, there shall be redeposited in the General Obligation Bond Expense Revolving Fund established by Section 16724.5 of the Government Code such sums as have been expended for the purposes specified in Section 16724.5 of the Government Code, which may be used for the same purpose and repaid in the same manner whenever additional sales are made.
(Added by Stats. 1974, Ch. 7. Approved in Proposition 3 at the June 4, 1974, election.)
Last modified: October 25, 2018