California Statutes
§ 27247. — 27247. (Added by Stats. 1943, Ch. 286.)
California § 27247.
JurisdictionCalifornia
Code SHCStreets and Highways Code - SHC
Div. 16.DIVISION 16. HIGHWAY DISTRICTS
Part 3.PART 3. BRIDGE AND HIGHWAY DISTRICTS
Ch. 13.CHAPTER 13. Issuance of District Bonds and Disposition of Surplus Proceeds
This text of California § 27247. (27247. (Added by Stats. 1943, Ch. 286.)) 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. Streets and Highways Code - SHC Code § 27247. (2026).
Text
If after paying the cost of constructing or acquiring or both the works and interest on the bonds during the actual period of construction and for a period of six months thereafter, there is a surplus of the proceeds of the bonds issued by the district, including all premiums paid there shall be set aside out of such surplus in a reserve interest fund an amount equal to one year’s interest on the bonds, or, if the surplus shall be less than one year’s interest on the bonds, all of the surplus shall be set aside.
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Legislative History
Added by Stats. 1943, Ch. 286.
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Bluebook (online)
California § 27247., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/27247..