California § 2107.4. 2107.4. (Amended by Stats. 1980, Ch. 777, Sec. 82.)

California Statutes

§ 2107.4. — 2107.4. (Amended by Stats. 1980, Ch. 777, Sec. 82.)

California § 2107.4.

Code SHCStreets and Highways Code - SHC

Div. 3.DIVISION 3. APPORTIONMENT AND EXPENDITURE OF HIGHWAY FUNDS

Ch. 3.CHAPTER 3. Highway Users Tax Account

This text of California § 2107.4. (2107.4. (Amended by Stats. 1980, Ch. 777, Sec. 82.)) 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.

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Cal. Streets and Highways Code - SHC Code § 2107.4. (2026).

Text

Not more than one-quarter of the funds allocated to a city or county from the Highway Users Tax Account in the Transportation Tax Fund for the construction of streets therein may be used to make principal and interest payments on bonds issued for such construction, if the issuance of such bonds is authorized by a proposition approved by a majority of the votes cast thereon. The term of any such bonds shall not exceed 25 years.

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Not more than one-quarter of the funds allocated to a city or county from the Highway Users Tax Account in the Transportation Tax Fund for the construction of streets therein may be used to make principal and interest payments on bonds issued for such construction, if the issuance of such bonds is authorized by a proposition approved by a majority of the votes cast thereon. The term of any such bonds shall not exceed 25 years.