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HomeWater CodeDiv. 5Pt. 4Ch. 7Art. 6§ 8982 Warrant Proceeds Return Rule

§ 8982 Warrant Proceeds Return Rule

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

§ 8982 Warrant Proceeds Return Rule

Key Takeaways

  • •If the government pays for something using warrants (like a special check), the money from that payment goes back into the same fund it came from.
  • •This rule makes sure the money is returned to where it started, keeping things fair and organized.
  • •It’s like borrowing money from your piggy bank and putting it back when you get paid.

Example

Imagine the school uses money from its 'Field Trip Fund' to buy new buses with a special check (warrant).

When the bus company cashes the check, the money goes back into the 'Field Trip Fund' so the school can use it again for other trips.

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

Official Source
View on CA.gov

§ 8982 Warrant Proceeds Return Rule

Upon payment of the warrants the proceeds thereof shall be returned into the fund out of which the purchase or investment was made. (Added by Stats. 1943, Ch. 369.)

Last verified: January 23, 2026

Key Terms

warrantsproceedsfundpurchase or investment

Related Statutes

  • § 8968 Warrant Cancellation And Credit
  • § 8955 Drainage District Fund Use
  • § 8957 Assessment Warrant Drafts
  • § 8958 Warrant Payment Interest Rules
  • § 8959 Warrant Payment Action Deadline

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Water Code. Section 8982.
View Official Source