California Welfare and Institutions Code

§ 5965.13

WIC § 5965.13 Effective Mar 6, 2024Div. 5 · Part 7 · Ch. 4

Statute text

All moneys deposited in the fund that are derived from premium and accrued interest on bonds sold pursuant to this chapter shall be reserved in the fund and shall be available for transfer to the General Fund as a credit to expenditures for bond interest, except that amounts derived from premium may be reserved and used to pay costs of bond issuance before any transfer to the General Fund.

Legislative history

Added by Stats. 2023, Ch. 789, Sec. 4. (AB 531) Effective March 6, 2024.