California Public Utilities Code ARTICLE 11 - Proceeds

• Section 13171.
  All sums received as accrued interest on the sale of any issue of bonds issued pursuant to this chapter shall be applied to the payment...
• Section 13172.
  All sums received as principal and premiums on the sale of any issue of bonds shall be applied to the purposes for which such bonds...
• Section 13173.
  The board may from time to time establish and maintain a separate fund or funds in the district treasury for the purpose of insuring the...
• Section 13174.
  Money set aside and placed in any such separate fund shall remain therein until from time to time expended for the purposes for which such...
• Section 13175.
  Money in any such separate fund shall be drawn therefrom only upon demands authenticated by the signature of the accountant of the district.(Added by Stats....
• Section 13176.
  If the board shall determine by resolution that the expenditure of the whole or any portion of the said principal sum of any issue of...
• Section 13177.
  If any excess of the principal sum of the proceeds of any issue of bonds shall remain unexpended after the full accomplishment of the purpose...

Last modified: October 22, 2018