§ 13870 Repayment To General Fund

Water Code·California

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Key Takeaways

•If the state gets money back from a contract, it goes into the General Fund.
•This money is used to pay back loans (bonds) the state took out.
•The loans were used for things like building roads or schools.

Example

The state lent money to a city to fix a bridge. The city pays the money back.

That paid-back money goes into the state's big money pot (General Fund) and is used to pay off the state's own loans.

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

Official Source

View on CA.gov

§ 13870 Repayment To General Fund

All money repaid to the state pursuant to any contract executed under the provisions of Section 13861 shall be deposited in the General Fund and when so deposited shall be applied as a reimbursement to the General Fund on account of principal and interest on bonds issued pursuant to this chapter which has been paid from the General Fund. (Added by Stats. 1975, Ch. 1008. Approved in Proposition 3 at the June 8, 1976, election.)

Last verified: January 23, 2026

Key Terms

General Fund Section 13861 principal and interest bonds

References

Official text at leginfo.legislature.ca.gov
California Legislature. Water Code. Section 13870.

Key Takeaways

Example

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References

Key Takeaways

Example

Key Terms

Related Statutes

References