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HomeGovernment CodeDiv. 1Pt. 1Ch. 3.5Art. 1§ 50709 Project Funding Restrictions

§ 50709 Project Funding Restrictions

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

§ 50709 Project Funding Restrictions

Key Takeaways

  • •The board can only use money from special bonds or project earnings for certain things.
  • •This money can pay for buying, building, fixing, or insuring a project.
  • •They can't use other money for these projects.

Example

A city wants to build a new park.

The city can only use money from special bonds or park fees to build or fix the park. They can't use regular city money for it.

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

Official Source
View on CA.gov

§ 50709 Project Funding Restrictions

The board may only use for the payment of the acquisition, construction, completion, maintenance, or insurance of any project undertaken under the authority of this chapter, the proceeds of revenue bonds issued and sold by the board, or the revenues from such project. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

acquisitioninsurancethe boardconstructioncompletionmaintenanceauthority

Related Statutes

  • § 26309 Project Revenue Bond Use
  • § 26409 Project Revenue Bond Use
  • § 50703 Project Cost And Feasibility Report
  • § 50705 Project Acquisition Authority
  • § 50701 Revenue Bonds For Public Facilities

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Government Code. Section 50709.
View Official Source