§ 11821 Project Revenue Fund Appropriation

This law says that the money in a special fund can only be used for specific things like paying for project costs, keeping the project running, fixing or replacing parts of it, and paying back any money borrowed for the project.

Key Takeaways

•The money in the revenue fund has specific uses.
•It can be used for running and fixing the project.
•It can also be used to pay back any loans taken for the project.

Example

Imagine a city has a special fund for maintaining a public park.

The money in this fund can be used to pay for things like mowing the lawn, fixing broken playground equipment, or paying back a loan that was taken out to build a new picnic area. It can't be used for something unrelated, like building a new school.

The money in the revenue fund is hereby appropriated for the payment of costs and expenses, for the maintenance and operation of the project, for making necessary replacements thereto, and for the payment when due of the principal and interest on all indebtedness incurred under the provisions of this part. (Added by Stats. 1943, Ch. 370.)

Key Takeaways

•The money in the revenue fund has specific uses.
•It can be used for running and fixing the project.
•It can also be used to pay back any loans taken for the project.

Example

Imagine a city has a special fund for maintaining a public park.

Key Takeaways

Example

Key Terms

References

§ 11821 Project Revenue Fund Appropriation

Key Takeaways

Example

Key Terms

References

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References