§ 100530 Bond Payment Appropriations

• •The state must earmark enough money each year to cover both the loan amount and interest on bonds issued under this chapter.
• •Money is also set aside for the activities described in Section 100545, without being limited by a fiscal‑year schedule.
• •This rule overrides the usual limits in Section 13340 of the Government Code.

The state sells bonds to build a new highway and also needs money for a water‑conservation program covered by Section 100545.

Every year the state will take the exact amount needed from its main money pot to pay the highway bond loan and interest, and also to keep the water‑conservation program running, even if the budget year changes.