§ 11813 Project Construction Fund Expenses

This law says that all the money spent by the department for a project, including interest, must be paid from the construction fund. This covers costs before, during, and up to one year after the project is done.

Key Takeaways

•All project costs must be paid from the construction fund.
•This includes costs before, during, and up to one year after the project is done.
•Interest on any loans for the project must also be paid from this fund.

Example

Building a new school.

If the government builds a new school, all the costs like paying workers, buying materials, and any interest on loans must come from the money set aside for building the school. This includes costs from planning until one year after the school is finished.

All costs and expenses of the department, including interest due and payable, incurred in performing the duties prescribed in this part prior to and during the construction of the project and for a period of one year after completion thereof, shall be paid out of the construction fund. (Amended by Stats. 1957, Ch. 1932.)

Key Takeaways

•All project costs must be paid from the construction fund.
•This includes costs before, during, and up to one year after the project is done.
•Interest on any loans for the project must also be paid from this fund.

Example

Building a new school.

Key Takeaways

Example

Key Terms

References

§ 11813 Project Construction Fund Expenses

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References