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Legal Resources | Education Code |  EC  15234  

Bonds; interest and sinking fund   

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Any money remaining in the interest and sinking fund of any district after the payment of all bonds and coupons payable from the fund, or any money in excess of an amount sufficient to pay all unpaid bonds and coupons payable from the fund, shall be transferred to the general fund of the district upon the order of the auditor.

(Added by Stats. 1996, Ch. 277, Sec. 2. Operative January 1, 1998.)