If the surplus from the proceeds of the bonds exceeds one year’s interest on the bonds, the balance shall be placed in the fund for the payment of the principal of such bonds.
(Added by Stats. 1943, Ch. 286.)
Section 27249
Sts. & High. Code § 27249, under Issuance of District Bonds and Disposition of Surplus Proceeds.
Sts. & High. Code § 27249