Streets and Highways Code section 35424

The proceeds may be used to pay the interest on the bonds during the period of construction of any parking place and for a period of six months thereafter, except that the total period during which interest is paid from the proceeds shall not exceed three years from the date of the bonds.

Source: Section 35424, https://leginfo.­legislature.­ca.­gov/faces/codes_displaySection.­xhtml?lawCode=SHC§ionNum=35424.­ (updated Jan. 1, 1953; accessed Jun. 25, 2025).

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Verified:
Jun. 25, 2025

§ 35424's source at ca​.gov