California § 8882. 8882. (Amended by Stats. 1981, Ch. 378, Sec. 1.)

California Statutes

§ 8882. — 8882. (Amended by Stats. 1981, Ch. 378, Sec. 1.)

California·Code SHC Streets and Highways Code - SHC·Div. 10. DIVISION 10. THE IMPROVEMENT BOND ACT OF 1915·Part 16. PART 16. SPECIAL SECURITY FUND

Upon receipt of the bond sale proceeds, the amount so provided for the special reserve fund pursuant to Section 8880 shall be transferred to the fund.
The special reserve fund shall be identified by the name of the proceedings under which the bonds are issued and shall constitute a trust fund for the benefit of the bondholders, subject to and to be administered in accordance with the provisions of this part.

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Upon receipt of the bond sale proceeds, the amount so provided for the special reserve fund pursuant to Section 8880 shall be transferred to the fund.
The special reserve fund shall be identified by the name of the proceedings under which the bonds are issued and shall constitute a trust fund for the benefit of the bondholders, subject to and to be administered in accordance with the provisions of this part.

California § 8882. (8882. (Amended by Stats. 1981, Ch. 378, Sec. 1.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Amended by Stats. 1981, Ch. 378, Sec. 1. Effective September 9, 1981.

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