§ 101446 Bond Payment Appropriation

• •Money comes from the General Fund, not from any special account.
• •The amount includes whatever is needed each year to cover both the bond principal and interest.
• •Funding for Section 101449 is also included, and it isn’t limited by fiscal‑year boundaries.
• •This rule overrides the usual limits in Section 13340 of the Government Code.

The state sells bonds to build a new highway. Every year, money is taken from the General Fund to pay the loan principal and the interest, and also to keep the highway‑maintenance program running.

Because of this law, the state can’t wait for a new budget year to pay the bond money; the needed cash is taken right away each year, and the highway program gets its money even if the budget year changes.