California Health and Safety Code

§ 4985

HSC § 4985Div. 5 · Part 3 · Ch. 5 · Art. 4

Statute text

The cost of the acquisition or construction of the works for which bonds may be issued includes all of the following:

(a)The cost of all property, rights, easements, and franchises deemed necessary or convenient therefor.

(b)Engineering, clerical, legal, financial, paying and fiscal agent’s fees and expenses, cost of bond proceedings, bond reserve funds and working capital and bond interest estimated to accrue during the construction period and for a period of not to exceed twelve (12) months after completion of construction.

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Legislative history

Amended by Stats. 1957, Ch. 8.