§ 11803 Bond Revenue Deposit Rules

Water Code·California

AI SummaryVerified

This law says the government can set rules for how bond money is kept safe and where it's stored.

Key Takeaways

•The government can decide where bond money is kept.
•The money must be kept safe in a way that bond buyers agree with.
•Rules can include when and where the money is deposited.

Example

The city wants to build a new park and sells bonds to pay for it.

The city must follow rules about where to keep the bond money and how to protect it.

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

Official Source

View on CA.gov

§ 11803 Bond Revenue Deposit Rules

The department may provide in the proceedings authorizing the issuance of bonds or may otherwise agree with the purchasers of bonds regarding the deposit of all money constituting the construction fund, and the revenue fund and may also provide for the deposit of such money at such times and with such depositaries or paying agents and upon the furnishing of such security as may meet with the approval of the purchasers of the bonds. (Amended by Stats. 1957, Ch. 1932.)

Last verified: January 11, 2026

Key Terms

construction fund revenue fund depositaries paying agents

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 11803.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References