All proceeds from the sale of bonds, except those derived from premiums and accrued interest, shall be available for the purpose provided in Section 7306 but shall not be available for transfer to the General Fund to pay principal and interest on bonds. The money in the fund may be expended only as herein provided.
Cal. Penal Code § 7310
New Prison Construction Bond Act of 1986
Known as the New Prison Construction Bond Act
The act spans §§ 7300–7434 (45 sections).
Added by Stats. 1986, Ch. 409, Sec. 1
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.