The proceeds may be used to pay the interest on the bonds during the period of construction of any parking place and for a period of six months thereafter, except that the total period during which interest is paid from the proceeds shall not exceed three years from the date of the bonds.
Cal. Sts. & High. Code § 35424
Bonds, Acquisitions and Improvements
Known as the Parking District Law
The act spans §§ 35100–35708 (190 sections).
Added by Stats. 1953, Ch. 192.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.