Government Code section 59596

When money is placed in any fund for the retirement or payment of the original bonds of nonconsenting holders it shall be used only for that purpose. After all the original bonds of nonconsenting holders have been paid or retired, any sum remaining in the fund shall be returned to the local agency which advanced it.

Source: Section 59596, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=59596. (updated Jan. 1, 1951; accessed Jul. 7, 2025).

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Verified:
Jul. 7, 2025

§ 59596's source at ca.gov

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Location: https://california.public.law/codes/government_code_section_59596

Original Source: Section 59596, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=GOV§ionNum=59596. (last accessed May 12, 2025).