Streets and Highways Code section 27249

If the surplus from the proceeds of the bonds exceeds one year’s interest on the bonds, the balance shall be placed in the fund for the payment of the principal of such bonds.

Source: Section 27249, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=27249. (updated Jan. 1, 1943; accessed Oct. 20, 2025).

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Verified:
Oct. 20, 2025

§ 27249's source at ca.gov

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Location: https://california.public.law/codes/streets_and_highways_code_section_27249

Original Source: Section 27249, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=SHC§ionNum=27249. (last accessed May 12, 2025).