California · Water Code
WAT §11760: The proceeds from the sale of bonds shall be paid to the Treasurer or the designee of the Treasurer to the credit of the construction fund.
What this law says, in plain English
Bond sale proceeds must be paid to the Treasurer or their designee and credited to the construction fund.
Read the full statutory text
The proceeds from the sale of bonds shall be paid to the Treasurer or the designee of the Treasurer to the credit of the construction fund.
Verify at the official source: California legislative text
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