Cal. Government Code § 29501
Cal. Government Code § 29501
California · California Government Code · Status: effective
Cite this
- Citation
- Cal. Government Code § 29501, California, version 1 as recorded 2026-07-25, yourstate.us, https://yourstate.us/provision/844012
- Permanent ID
ys:prov:844012@1- SHA-256
6343cb977db744079dd295001970ed1e9cde3d8bd4969955d8bd76042852248d
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
Whenever the principal or interest on any bonds legally issued by the county or any district within the county which becomes due and there is not sufficient money in the fund established for the payment of the principal or interest to pay it, the board of supervisors may order the amount of money necessary to pay the principal or interest, or both, to be transferred from the general fund to the debt service fund provided for the payment of such principal and interest pending the collection of any taxes or ad valorem assessment which have been levied for that purpose.
The amount transferred is a loan to the fund, and the auditor shall retransfer it to the general fund not later than the apportionment of the second installment of taxes collected on the current secured roll. The board shall not advance to any debt service fund an amount greater than the amount of uncollected taxes or ad valorem assessments levied for the payment of the principal and interest on the bonds.