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Code · California · Government Code

§ 38461

79 words·~1 min read·/ca/government-code/38461

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If the land was acquired by money derived from bonds authorized for park purposes, and the land sold, the reasonable market value of the land at the time of adoption of the ordinance shall be transferred to the bond fund from such other municipal fund as the legislative body determines. If the land was not acquired from bond funds and the land is sold, the proceeds from such sale shall be deposited in the general fund of the city.
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