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HomeWater CodeDiv. 6Pt. 3Ch. 9Art. 1§ 11802 Bond Proceeds Use Rules

§ 11802 Bond Proceeds Use Rules

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

§ 11802 Bond Proceeds Use Rules

This law says that when the government issues bonds (like borrowing money for big projects), they can set rules on how that money is used and where it goes.

Key Takeaways

  • •Bonds are like loans the government takes to pay for big projects.
  • •The money from bonds must be used only for what was promised.
  • •Rules are set to make sure the money isn’t spent on the wrong things.

Example

A city wants to build a new school and borrows money by selling bonds.

The city must follow rules about how the borrowed money is spent, like only using it for building the school and not for other things.

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

Official Source
View on CA.gov

§ 11802 Bond Proceeds Use Rules

The proceedings authorizing the issuance of bonds may contain appropriate provisions governing the use and application of bond proceeds and revenues for the purposes specified in this part. (Added by Stats. 1943, Ch. 370.)

Last verified: January 11, 2026

Key Terms

bond proceedsrevenuespurposes specified

Related Statutes

  • § 11805 Bond Sale Project Expenses
  • § 11800 Project Construction Funding
  • § 11801 Fund Interest Crediting Rules
  • § 11803 Bond Revenue Deposit Rules
  • § 11804 Depositary Security Requirements

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 11802.
View Official Source