Health and Safety Code section 54034

All moneys derived from premiums and accrued interest on bonds sold pursuant to this part shall be transferred to the General Fund as a credit to expenditures for bond interest; provided, however, that amounts derived from premiums may be reserved and used to pay the costs of bond issuance prior to transfer to the General Fund.

Source: Section 54034, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=HSC§ionNum=54034.­ (updated Nov. 7, 2018; accessed Jun. 30, 2025).

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Verified:
Jun. 30, 2025

§ 54034's source at ca​.gov