All money deposited in the fund which is derived from premium on bonds sold shall be available to pay costs of issuing the bonds, and to the extent not so needed, together with accrued interest derived from sale of the bonds, shall be available for transfer to the General Fund as a credit to expenditures for bond interest.
Cal. Sts. & High. Code § 2704.18
Fiscal Provisions
Known as the Safe, Reliable High-Speed Passenger Train Bond Act
The act spans §§ 2704–2704 (21 sections).
Added by Stats. 2008, Ch. 267, Sec. 9
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.