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HomeGovernment CodeDiv. 2Pt. 2Ch. 14Art. 7§ 26393 Bond Proceeds For Projects

§ 26393 Bond Proceeds For Projects

Government Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 26393 Bond Proceeds For Projects

Key Takeaways

  • •Money from selling bonds must go into a special county fund for a specific project.
  • •The money can only be used for that project, like building something or buying land.
  • •The county board decides how to spend the money, but only for the project the bonds were sold for.

Example

A county sells bonds to build a new park.

All the money from selling those bonds must go into a special fund just for the park. The county can use it to buy land for the park, pay for plans, or build playgrounds, but nothing else.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 26393 Bond Proceeds For Projects

The proceeds from the sale of all bonds authorized under the provisions of this chapter shall be paid into the county treasury to the credit of a bond fund or enterprise fund, one of which the treasurer is hereby directed to establish for the particular project for which the bonds were authorized. These moneys shall be disbursed on the order of the board in the same manner that other moneys are disbursed from the county treasury solely for the construction of the particular project for which the bonds were authorized, including preliminary reports, surveys, preparations, plans and specifications and for the payment of all other costs and expenses prior to and during construction, including the acquisition of necessary rights of way, easements, lands and other property of every kind and description and appurtenances thereto, and the payment of all expenses, engineering and administrative costs as provided by the board in the proceedings for the issuance of such bonds. (Amended by Stats. 1961, Ch. 396.)

Last verified: January 22, 2026

Key Terms

acquisitioneasementportpropertyconstructiondescriptionissuance

Related Statutes

  • § 50793 Bond Proceeds For Construction
  • § 26304 Project Revenue Bond Authorization
  • § 26396 Bond Fund Investment Rules
  • § 26400.51 County Airport Bond Financing
  • § 26303 Project Cost And Feasibility Report

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 26393.
View Official Source