California · Streets and Highways Code - SHC

SHC §170.5: Notwithstanding Section 13302 of the Government Code, the department may, with respect to any project which will not be completed within a fiscal year, finance the project on a cash basis if the depar

What this law says, in plain English

The statute permits a department to finance multi-year projects on a cash basis, notwithstanding Government Code Section 13302.

Read the full statutory text

Notwithstanding Section 13302 of the Government Code, the department may, with respect to any project which will not be completed within a fiscal year, finance the project on a cash basis if the department has sufficient unused bonding authority not earmarked for any other project.

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