Government Code section 43774

The purchase price of any bonds sold and the accrued interest on them shall be placed in the general improvement fund and may be reinvested in bonds, or, if such reinvestment is not permitted, shall be used to pay principal and interest of the bonds issued pursuant to this article.

Source: Section 43774, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43774. (updated Jan. 1, 1949; accessed Oct. 13, 2025).

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Verified:
Oct. 13, 2025

§ 43774's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_43774

Original Source: Section 43774, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=43774. (last accessed May 12, 2025).