Government Code section 26481

If any surplus shall exist in a bond fund or enterprise fund after the payment in full of all costs of acquisition, construction and completion of the project for which the revenue bonds were issued, the same may be disbursed for any of the purposes provided for in this chapter or in any agreement which may be made by the board in any indenture for the issuance of the revenue bonds.

Source: Section 26481, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=GOV§ionNum=26481.­ (updated Jan. 1, 1961; accessed Dec. 1, 2025).

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Verified:
Dec. 1, 2025

§ 26481's source at ca​.gov