Cal. Education Code § 81938

California · California Education Code · Status: effective · Effective 1982-06-11

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Citation: Cal. Education Code § 81938, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/804987
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All costs and expenses incident to the issuance and sale of bonds may be paid out of the proceeds of the sale of the bonds. Interest on bonds may be paid out of the proceeds of the sale of the bonds during the actual construction of any project for the acquisition, construction, or completion of which the bonds have been issued, and for a period of not to exceed two years thereafter as provided for in the indenture.