Home/California/Statutes/Code PUC: Public Utilities Code - PUC/Div. 10.: DIVISION 10. TRANSIT DISTRICTS/Part 10.: PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT/Ch. 7.: CHAPTER 7. Bonds/Art. 3.: ARTICLE 3. Issue and Sale/§ 98341.
California Statutes

§ 98341. — 98341. (Added by Stats. 1967, Ch. 978.)

California § 98341.
JurisdictionCalifornia
Code PUCPublic Utilities Code - PUC
Div. 10.DIVISION 10. TRANSIT DISTRICTS
Part 10.PART 10. SANTA CRUZ METROPOLITAN TRANSIT DISTRICT
Ch. 7.CHAPTER 7. Bonds
Art. 3.ARTICLE 3. Issue and Sale

This text of California § 98341. (98341. (Added by Stats. 1967, Ch. 978.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
Cal. Public Utilities Code - PUC Code § 98341. (2026).

Text

All premiums and accrued interest received on the sale of bonds shall be placed in the fund to be used for the payment of principal of and interest on the bonds. The remainder of the proceeds of the bonds shall be placed in the district treasury to the credit of the proper fund, and shall be used exclusively for the objects or purposes for which the bonds were voted; provided that when such objects and purposes have been accomplished any moneys remaining shall be transferred to the fund to be used for the payment of principal and interest on the bonds shall have been paid, any balance of money then remaining shall be transferred to the general fund of the district.

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Legislative History

Added by Stats. 1967, Ch. 978.
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Bluebook (online)
California § 98341., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/PUC/98341..