Cal. SHC § 30301
This is the official text of Cal. SHC § 30301, part of California’s Streets and Highways Code — governs the construction and maintenance of public roads.
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Official statutory text
The proceeds from the sale of the bonds shall be paid out or disbursed solely for the acquisition or construction of the particular toll bridge or other highway crossing, transportation facilities, or additional transportation facilities, the acquisition of the necessary lands and easements therefor, and the payment of interest on the bonds during the period of actual construction and for a period of six months thereafter, only as the need therefor arises. The commission may agree with the purchaser of the bonds upon any conditions or limitations restricting the disbursement of such funds which are deemed advisable for the purpose of assuring the proper application of the funds.
Status: in_force · Read it on the official government site
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