California Statutes
§ 31181. — 31181. (Added by Stats. 1968, Ch. 923.)
California § 31181.
JurisdictionCalifornia
Code SHCStreets and Highways Code - SHC
Div. 17.DIVISION 17. TOLL FACILITIES AND RELATED MATTERS
Ch. 5.CHAPTER 5. El Dorado County Toll Tunnel Authority Act
Art. 5.ARTICLE 5. Custody and Use of Money
This text of California § 31181. (31181. (Added by Stats. 1968, Ch. 923.)) 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 § 31181. (2026).
Text
The proceeds from the sale of the bonds shall be paid out or disbursed solely for the acquisition or construction of the toll tunnel, 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 authority 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 purposes of assuring the proper application of the funds.
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Legislative History
Added by Stats. 1968, Ch. 923.
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California § 31181., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/31181..