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HomeWater CodeDiv. 6Pt. 3Ch. 9Art. 1§ 11801 Fund Interest Crediting Rules

§ 11801 Fund Interest Crediting Rules

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

§ 11801 Fund Interest Crediting Rules

This law says that any interest earned on money in a special fund must go back into that same fund.

Key Takeaways

  • •Interest earned on a special fund must stay in that fund.
  • •The money can't be moved to another fund or used for something else.
  • •This rule applies to all funds mentioned in this part of the law.

Example

If the government has a special fund for schools and earns interest on that money, the interest must go back into the school fund.

The interest can't be used for anything else—it has to stay in the school fund.

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

Official Source
View on CA.gov

§ 11801 Fund Interest Crediting Rules

All interest received or earned on money deposited in a fund provided for in this part shall be credited to and become a part of the particular fund upon which the interest accrues. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

interestfundcredited

Related Statutes

  • § 11800 Project Construction Funding
  • § 11802 Bond Proceeds Use Rules
  • § 11803 Bond Revenue Deposit Rules
  • § 11804 Depositary Security Requirements
  • § 11805 Bond Sale Project Expenses

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11801.
View Official Source