Section 29961 Of Article 3. Special Improvement Bonds From California Government Code >> Division 3. >> Title 3. >> Chapter 6. >> Article 3.

. The board may sell any of the bonds purchased by it at a price not less than that paid. The purchase price of any bonds so sold and the accrued interest thereon shall be placed in the general improvement fund and may be reinvested in bonds, except where such reinvestment is not permitted.