All moneys derived from premiums and accrued interest on bonds sold pursuant to this part shall be transferred to the General Fund as a credit to expenditures for bond interest; provided, however, that amounts derived from premiums may be reserved and used to pay the costs of bond issuance prior to transfer to the General Fund.
Cal. Health & Safety Code § 54034
Fiscal Provisions
Known as the Veterans and Affordable Housing Bond Act
The act spans §§ 54000–54034 (20 sections).
Added by Stats. 2017, Ch. 365, Sec. 3
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.