California Streets and Highways Code ARTICLE 5 - Custody and Use of Money

• Section 31180.
  The proceeds from the sale of all bonds authorized pursuant to this chapter shall be paid to the treasurer for the credit of the authority...
• Section 31181.
  The proceeds from the sale of the bonds shall be paid out or disbursed solely for the acquisition or construction of the toll tunnel, the...
• Section 31182.
  All money in the acquisition and construction fund not required to meet current acquisition or construction costs of the toll tunnel, and all funds constituting...
• Section 31183.
  Any surplus which exists in the acquisition and construction fund shall be applied to the retirement, by purchase or call, of bonds issued for the...
• Section 31184.
  All tolls or other revenues received from the operation of the toll tunnel shall be paid over by the department at least monthly to the...
• Section 31185.
  From the money deposited in the acquisition and construction fund, the treasurer shall transfer to the place or places of payment named in the bonds...
• Section 31186.
  The money remaining in the toll revenue fund, after providing the amount required for interest and redemption of bonds, shall be held and applied as...
• Section 31187.
  Money required to meet the costs of acquisition or construction and all expenses and costs incidental to the acquisition or construction of the toll tunnel,...
• Section 31188.
  All interest received or earned on money deposited in each and every fund provided for in this article shall be credited to and become a...
• Section 31189.
  Notwithstanding anything contained in this chapter, the proceeds received from the sale of bonds and the tolls or other revenues received from the operation of...

Last modified: October 22, 2018