§ 99013
65 words·~1 min read·
/ca/government-code/99013A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The proceeds of the bonds, exclusive of amounts required to be held by the authority for reserves, capitalized interest, or costs of issuance and ancillary obligations, as authorized by subdivision
(a)of Section 99011, shall be deposited in the General Fund to fund all or a portion of the accumulated budget deficit, or shall be used to refund bonds previously issued pursuant to this title.