Upon request of the board stating that the purposes for which the bonds were issued and sold has been effected, the committee shall certify this fact to the State Controller, and thereupon the unencumbered balance of cash remaining from the proceeds of the sale of the bonds in the fund shall, on order of the State Controller, be transferred therefrom to the General Fund.
Cal. Gov. Code § 16726
General
Known as the State General Obligation Bond Law
The act spans §§ 16720 to 16787 (51 sections).
Added by Stats. 1953, Ch. 1698.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.