§ 50796 Construction Fund Investment Rules

Government Code·California

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Key Takeaways

•Extra money in the construction fund can be invested in safe things like bonds.
•The money can only be invested in ways that follow the rules set when the bonds were issued.
•Any money made from these investments goes back into the construction fund.

Example

A city has leftover money in its fund for building a new school.

The city can invest that extra money in safe bonds to make more money. Whatever they earn from the investment goes back into the school fund.

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

Official Source

View on CA.gov

§ 50796 Construction Fund Investment Rules

Moneys in the construction fund not required to meet acquisition or construction costs or expenses payable from the construction fund or interest on the bonds, may be invested in bonds and other obligations eligible for investment of surplus county moneys; subject to such limitations as may be provided in the proceedings authorizing the issuance of the bonds. Any income or interest thereon shall be added to and become a part of the construction fund. (Added by Stats. 1957, Ch. 2066.)

Last verified: January 22, 2026

Key Terms

construction acquisition obligation investment issuance

References

Official text at leginfo.legislature.ca.gov
California Legislature. Government Code. Section 50796.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References