§ 3928 Harbor Bond Fund Transfers
This law says that any money left over in the Harbor Bond Sinking Fund after all the bonds and their interest have been paid off must be moved to a harbor improvement fund.
The city sells bonds to raise money for a new pier. After the city finishes paying back the bond owners and cancels the bonds, there is $200,000 still in the account.
Because the bonds are fully paid, the law tells the city to put that $200,000 into the San Francisco Harbor Improvement Fund (or the Small Craft Harbor Improvement Fund, depending on which bond fund was used) to be used for harbor projects.
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§ 3928 Harbor Bond Fund Transfers
Last verified: January 11, 2026