California Streets and Highways Code

§ 31180

SHC § 31180Div. 17 · Ch. 5 · Art. 5

Statute text

The proceeds from the sale of all bonds authorized pursuant to this chapter shall be paid to the treasurer for the credit of the authority and forthwith deposited as demand deposits in such depositary or depositaries as are authorized by law to receive deposits of state funds, to the credit of a fund to be designated as the acquisition and construction fund of the toll tunnel. The fund shall at all times be kept segregated and set apart from all other funds.

Legislative history

Added by Stats. 1968, Ch. 923.