Cal. HNC § 7225
This is the official text of Cal. HNC § 7225, part of California’s Harbors and Navigation Code — regulates ports, harbors, and boating.
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Official statutory text
The proceeds from the sale of the bonds shall be paid into the treasury of the district and placed to the credit of a special improvement fund and expended only for the purpose for which the indebtedness was created; however, when the purpose has been accomplished, any moneys remaining in the special improvement fund may be transferred to the fund to be used for the payment of the principal of and interest on the bonds.
Status: in_force · Read it on the official government site
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