California · Water Code

WAT §8936: The Controller shall request the State Treasurer to transfer and the Treasurer shall immediately transfer, any and all moneys deposited in the Bond Fund or Bond Interest Fund of the assessment from th

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What this law says, in plain English

The Controller requests the State Treasurer to transfer moneys from assessment bond funds, and the Treasurer must immediately comply with the transfer.

Read the full statutory text

The Controller shall request the State Treasurer to transfer and the Treasurer shall immediately transfer, any and all moneys deposited in the Bond Fund or Bond Interest Fund of the assessment from the fund or funds into the Construction Fund of the assessment to be used for the retirement of warrants pursuant to the provisions of this part.

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