The board of supervisors may temporarily transfer moneys to the maintenance district fund from other funds in which such moneys are not immediately needed. The money so transferred shall bear interest at a rate to be fixed by the board and shall be used for the purposes provided in this chapter and be retransferred from the maintenance district fund out of the first available receipts.
Cal. Sts. & High. Code § 5832.5
Maintenance Districts
Known as the Improvement Act
The act spans §§ 5000–6794 (521 sections).
Amended by Stats. 1972, Ch. 852.
Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.