The State Director of Finance may purchase any bonds issued by joint highway districts and pay for them out of any surplus money in the State treasury which, in his judgment, is not required for governmental purposes prior to the maturity of such bonds. The boards of supervisors of the several counties within the district may likewise purchase such bonds with any surplus funds under their control.
Cal. Sts. & High. Code § 25373
General Bond Provisions
Known as the Joint Highway District Act
The act spans §§ 25000–25521 (135 sections).
Added by Stats. 1943, Ch. 284.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.