The money remaining in the toll revenue fund, after providing the amount required for interest and redemption of bonds, shall be held and applied as provided in the proceedings authorizing the issuance of the bonds. If the proceedings authorizing the issuance of the bonds do not require surplus revenues to be held or applied in any particular manner, they shall be allocated and used for such other purposes incidental to the acquisition, construction, operation, and maintenance of the toll tunnel as the authority determines.
Cal. Sts. & High. Code § 31186
Custody and Use of Money
Known as the El Dorado County Toll Tunnel Authority Act
The act spans §§ 31100 to 31246 (92 sections).
Added by Stats. 1968, Ch. 923.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.