Out of the first money realized from the sale of bonds as provided in this chapter, there shall be redeposited in the General Obligation Bond Expense Revolving Fund, established by Section 16724.5, the amount of all expenditures made for purposes specified in that section, and this money may be used for the same purpose and repaid in the same manner whenever additional bond sales are made.
Cal. Gov. Code § 99062
Economic Recovery Fund
Known as the Economic Recovery Bond Act
The act spans §§ 99050–99077 (17 sections).
Added by Stats. 2003, 5th Ex
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.