California § 8514. 8514. (Added by Stats. 1990, Ch. 446, Sec. 8.)

California Statutes

§ 8514. — 8514. (Added by Stats. 1990, Ch. 446, Sec. 8.)

California § 8514.

Code SHCStreets and Highways Code - SHC

Div. 10.DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915

Part 1.PART 1. GENERAL PROVISIONS

This text of California § 8514. (8514. (Added by Stats. 1990, Ch. 446, Sec. 8.)) 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 § 8514. (2026).

Text

Notwithstanding any other provision of this division, income realized from the investment of money on deposit in a fund or account established pursuant to this division may be used, at the option of the legislative body, to pay all or any portion of any amount required to be rebated to the United States in order that interest on obligations issued pursuant to this division be excluded from gross income for purposes of federal income taxation.

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Notwithstanding any other provision of this division, income realized from the investment of money on deposit in a fund or account established pursuant to this division may be used, at the option of the legislative body, to pay all or any portion of any amount required to be rebated to the United States in order that interest on obligations issued pursuant to this division be excluded from gross income for purposes of federal income taxation.

Legislative History

Added by Stats. 1990, Ch. 446, Sec. 8.

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California § 8514., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/SHC/8514..